Why Japan legalize casinos?

Why Japan legalize casinos?

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Japan legalize casinos

Japan’s ruling Liberal Democratic Party intends during the next session of Parliament to pass a law Japan legalize casinos in the plan to increase the flow of tourists ahead of the Olympics – 2020, Prime Minister Shinzo Abe.

“I believe that the resort complexes, as expected, will contribute to the development of tourism, the regional economy and the industry, and they can become a key element of economic growth,” – said Abe.

In the 18 months that Abe is Prime Minister, ones produced two of the three arrows Abenomics.

“First boom” of economic policy Abe was “pumping” of the economy with additional liquidity, while the “second” supposed to stimulate the economy through budget funds allocated for infrastructure development.

Resolution Japan legalize casinos operate within the resort complex is a key component of its growth strategy, developed by Abe – “The third arrow”, approved by the cabinet yesterday.

As part of the “Third boom” expected corporate tax breaks. Further details reforms will follow later this month. Nevertheless according to a statement on Monday Abe current tax rate for companies in Tokyo 35.64% decline sharply.

Deflation, Japan’s economy devours the last 15 years, and inhibits the growth of the country, has gone, and its renewal will be prevented by government measures to support business, said Prime Minister Shinzo Abe.