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. Last Updated: 07/27/2016

Obuchi Orders Reform




TOKYO -- Prime Minister Keizo Obuchi ordered top economic policy officials on Thursday to come up with proposals by mid-June for increasing Japan's industrial competitiveness and dealing with soaring unemployment, a spokesman said.


Obuchi gave the orders at a meeting of Cabinet officials and business leaders appointed to an advisory body known as the Competitiveness Commission.


The proposals will likely be compiled just ahead of a summit of leaders from the Group of Seven leading industrialized nations and Russia next month in Germany, where Japan is expected to face pressure to boost its economy.