Browse > Home / Economics / Keidanren has spoken - projections for Japanese economic growth

Keidanren has spoken - projections for Japanese economic growth

January 1, 2007
By Ken Worsley


This morning, the Japan Business Federation (Keidanren) published 希望の国、日本 (Kibou no Kuni, Nippon) on their website. I suppose I would translate it as, “The Japan We Want,” or “The Japan We Wish For,” or, “The Country We Want, Japan,” or perhaps even, “The Japan We Aspire to Be.” Then again, I’m not a translator.

Grab a.pdf copy of Keidanren’s 希望の国、日本 - The Japan We Aspire to Be.

Four quick highlights of the report:

1. One of the more interesting parts of the report, which the foreign press was quick to pick up on, was Keidanren’s estimation that the Japanese economy would grow by 1.9% in 2007, 2% in 2008 and would average 2.2% growth over the next ten years.

2. Keidanren also urged the Japanese government to establish trade agreements with China, South Korea, Australia and India by 2011.

3. The report urges Prime Minister Shinzo Abe to help boost productivity by backing reforms that would lead to technological innovation amongst Japan’s corporations.

4. Keidanren estimates that per capita income in Japan will increase by 30% over the ten year span to conclude in March 2016.

Any reactions?

Filed Under Economics 

Social Bookmarks:
del.icio.us:Keidanren has spoken - projections for Japanese economic growth digg:Keidanren has spoken - projections for Japanese economic growth newsvine:Keidanren has spoken - projections for Japanese economic growth furl:Keidanren has spoken - projections for Japanese economic growth reddit:Keidanren has spoken - projections for Japanese economic growth
Related Posts:
Consumer spending in Japan: Next year’s economic bugbear?
Keidanren: Winter bonuses to fall for the first time since 2002
BizCast Japan #3 Released: Airlines, Keidanren, Tourism and the Foreign Financial District
Keidanren to LDP: Foreign Trainee Workers Should be Allowed to Stay 8 Years (Sometimes, Under Special Circumstances)
Nikkei: Winter bonuses to fall 2.9%

Comments

2 Responses to “Keidanren has spoken - projections for Japanese economic growth”

  1. John Sheridan on January 9th, 2007 2:36 am

    30% wage growth in the next ten years? Hoo hoo! Have they forgotten that the average wage has gone down over $3,000 over the last ten years? And that compaines only hire keiyakushain, not seishain these days? Or do they just do a lot of drugs?

  2. Garrett on January 9th, 2007 8:28 pm

    They must be up to something, John. Japan hasn’t seen that kind of growth in a generation and now they expect to suddenly come out of nowhere without a whole lot reason to expect a booming economy, it seems.

Got something to say?