The authorities continue to promote structural reforms, including
regulatory reforms and strengthening competition policy. Structural
reforms could help reduce the cost of doing business and thereby
increase Japan’s attractiveness to inward FDI. This should result in
increased competition and productivity, the report notes.
The report also says that labour productivity lags behind that of other
major industrialized countries and that Agriculture remains a sector
relatively protected from foreign competition, and this acts as a drag
on Japan’s growth. The report also states that Japan’s medium and
long-term growth prospects will depend on its ability to strike a
balance between monetary and fiscal policies in tandem with further
The WTO report, along with a policy statement by the Government of
Japan, will be the basis for the Trade Policy Review of
by the Trade Policy Review Body of the WTO on 18 and 20 February 2009.
following documents are available in MS Word format.
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Trade Policy Reviews are an exercise, mandated in the WTO agreements,
in which member countries’ trade and related policies are examined and
evaluated at regular intervals. Significant developments that may have
an impact on the global trading system are also monitored. For each
review, two documents are prepared: a policy statement by the
government of the member under review, and a detailed report written
independently by the WTO Secretariat. These two documents are then
discussed by the WTO’s full membership in the Trade Policy Review Body
(TPRB). These documents and the proceedings of the TPRB’s meetings are
published shortly afterwards.
copies of previous TPR publications are available for sale from the
WTO Secretariat, Centre William Rappard, 154 rue de Lausanne, 1211
Genève 21 and through the
TPR publications are also available from our co-publisher Bernan Press, 4611-F Assembly Drive, Lanham, MD 20706-4391, United States.
Schedule of forthcoming reviews
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Brazil: 9 and 11 March2009
Fiji: 25 and 27 March 2009
European Communities: 6 and 8 April 2009