TOKYO - Private-sector advisers to Japanese Premier Yoshihide Suga urged the government on Tuesday to revive the economy with regulatory reform and digitalisation, and set out a path to restoring fiscal health after the hard blow of the Covid-19 pandemic.
They urged the council to liaise with the regulatory reform panel to aid the government's growth strategy as well as economic and fiscal management. Proposals by the advisers tend to provide the basis for the government's medium- to long-term policy roadmap, to be laid out by the CEFP. "We need to revive the economy by boldly tackling digitalisation and regulatory reform. There's a need to draw up a future path to fiscal consolidation through welfare reform," the proposals by the four private-sector advisers said.