A government advisory panel on Wednesday called for additional measures to promote foreign direct investment in Japan, including simplifying procedures for Japanese hospitals to introduce foreign-made medical instruments.
An expert committee of the Japan Investment Council also suggested in a report that Japan provide prospective foreign investors with English translations of manuals and laws on investment procedures, including those on company startups and corporate mergers and acquisitions.
The committee, headed by Keio University Professor Haruo Shimada, updated a package of deregulation programs adopted by the council earlier to increase direct foreign investment in Japan.
After working further on taxation and other issues, the committee plans to submit the report to Prime Minister Junichiro Koizumi, who chairs the council.