Japanese PM announces second set of economic growth strategies

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Japanese Prime Minister Shinzo Abe on Friday announced his government's second set of economic growth strategies, including doubling Japan's crop exports to 1 trillion yen (about 9.76 billion U.S. dollars) by 2020 which is seen as a pillar of the new policy package.

Abe also said Japan will set the target of boosting the total amount of investment by 10 percent during the period to bring it up to around 70 trillion yen each year, equivalent to the level before the 2008 financial crisis.

While vowing to become the top salesman of Japanese state-of- the-art technologies and products, Abe said his government will triple exports of infrastructure-related business to 30 trillion yen by 2020.

He added the administration will ease the conditions for granting visas to foreign tourists to Japan in a bid to raise the annual number of them to 20 million in the future from the current 8 million.

On educational reform, Abe said the government will provide economic assistance to Japanese students who are eager to study abroad, aiming to increase the number of human resources who can play an international role in the future.

Among other programs, the government plans to establish a new organization designed to inject funds into the private sector to help increase exports of "anime," music and other popular cultural contents under the theme of "Cool Japan," Abe said.

The second set of growth strategies follows the first package released in April. It comes ahead of the third one scheduled to be announced on June 5, which will center on the promotion of private finance initiative projects, according to local media reports.