The only way to nurture growth is to have more deregulation, said Naohiro Yashiro, a professor of economics at the International Christian University, at a roundtable of chief financial officers in Tokyo yesterday. Everything depends on structural reform and deregulation, he continued.
As he spoke he showed the gathered audience of CFOs from Japanese and multinational companies a slide presentation that said Regulatory reform as a key for economic recovery without stimulus.
Yashiro's views echoed concerns among the other participants about the fiscal health of Japan. The country's economy has grown little over the past decade with the events on Wall Street in 2008 knocking out a lot of the growth achieved in the...
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