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Pursue
regulatory
reforms

  • Drilling into bedrock regulations

Japan has cut into bedrock regulations in areas such as healthcare, energy and agriculture that were considered impossible to tap in to.

Our battle for reform is far from over. For instance, we have passed eight agricultural reform laws this year and we will continue to spur on these initiatives.

Drilling into bedrock regulations

HEALTHCARE

HEALTHCARE

Adopt flexible regulatory frameworks to make Japan the central hub for regenerative medicine and grow the market to 26 trillion yen by 2020

  • Create a faster R&D process in regenerative medicine
    • Revise the Pharmaceutical Affairs Law to optimize the adaptive licensing approval system to bring regenerative medicines to market quicker

      Law took effect in 2014

    • Facilitate the process of aggregating personal medical records and analyze them anonymously to advance medical research

      Law enacted in2017

  • Create a global hub for regenerative medicine
    • Make National Strategic Special Zones into hubs for cardiac, neurologic and ophthalmic treatments

    • Promote market entries from overseas

flagAchievements
  • World’s fastest approval process in regenerative medicine
    HEALTHCARE
  • Rapid development in advanced heart failure treatments such as myoblast cell-sheet transplantation therapy and cardiomycyte sheet transplantation therapy
  • World’s first successful iPS origin retinal cell transplant operation for age-related macular degeneration

AGRICULTURE

AGRICULTURE

First major structural reform and deregulation in 60 years to turn agriculture into a growth industry by increasing competitiveness

  • Reform the Agricultural Cooperative system to encourage entrepreneurialism

    Law took effect in 2016

  • Decrease production costs and promote structural reform in distribution / processing business by restructuring the business flow

    Law took effect in August 2017

  • Increase exports to one trillion yen by 2019

    • Strengthen export promotion through the Japan Food Product Overseas Promotion Center (JFOODO)

AGRICULTURE
flagAchievements
  • Young people steadily joining the industry - 22,000 people under the age of 49 enterd the agriculture industry in 2016
  • Reached 750 billion yen agricultural, forestry, fishery products and foods exports in 2016, breaking the record for the forth consecutive year1
  • 1Source: Ministry of Finance “Trade statistics of Japan”

ENERGY

ENERGY

Undertake comprehensive reform, for the first time in 60 years, to increase competitiveness for current energy sources while exploring new energy sources to create an eco-friendly and growing industry

  • Increase competitiveness in the electricity and gas market
    ENERGY
flagAchievements
ENERGY

Set up National Strategic Special Zones to encourage creations of new services

The selected regions will have the privilege of advanced structural reform initiatives in the hopes of turning successful cases into touchstones for nationwide implementation

10areas have been selected since 2013 253reforms were undertaken (as of September 2017)
flagAchievements
Special Zones
  • 1st automated bus driving test to be conducted on a public road in Senboku city (November 2016)
Launch a regulatory sandbox system, a mechanism for carrying out business trials and error freely on new businesses for a certain period of time without conforming to existing regulations

2

Pursue
regulatory
reforms

  • Drilling into bedrock regulations

ABENOMICS TOP

Pursue regulatory reforms