Prime Minister Abe pledged to make Japan the world’s easiest country to do business in

Thomas D'Innocenzi

japan_premier_shinzo_abe_295Japan risks missing, yet again, an opportunity to use foreign investment to help fuel sustained economic growth that has eluded it for the last two decades.

Prime Minister Shinzo Abe pledged to make Japan “the world’s easiest country for companies to do business in” as part of his economic revival plan, which so far has been largely met with approval. The stock market has rallied 45 percent this year and Abe’s approval ratings are around 70 percent.

Abe gave further hints on Friday about government plans to be unveiled in a longer-term economic growth strategy, referring to tripling infrastructure exports and doubling farm exports.

But a month before that strategy is due to be unveiled, his efforts to ramp up inbound foreign direct investment (FDI) are showing little indication a trickle of foreign investment will turn into a tide.

“Over the last five years, 90 percent of my work has been outbound…

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