Renewable energy and green vehicles targeted for rapid growth as government approves wide-ranging new economic strategy
31 Jul 2012 - The Japanese government has today confirmed it will put green growth at the centre of plans to revive the country's flagging economy over the next eight years, after formally approving a new growth strategy.
The document, which updates a previous growth plan approved in 2010, sets a goal of delivering three per cent a year nominal economic growth, equating to two per cent a year real growth through to 2020.
In order to deliver on the new growth target, the government is promising an increased focus on fast-growth sectors, including renewable energy, green vehicles, farming and healthcare.
The strategy predicts Japan can create a green energy sector worth 50 trillion yen by 2020, delivering up to 1.4 million new jobs. read more>>>
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