Key points - Third Arrow of "Abenomics"

After two of the three planned arrows were fired in the last couple of years, Abenomics is now implementing the third part of the economic revival program commonly known as "Abenomics". The main focus of this part is structural reform of Japanese economy. 

Key Points;

- Corporate Tax reduction by 2.4% in 2014, plans to take it to 20s in several years.

- Make it mandatory to appoint outside directors- Comply or explain.

- Revamping the portfolio strategy of Government Pension Investment Fund

- Allowing start-ups to bid for government contracts, opening markets and promoting new entrants in energy, agriculture and medical services.

- Establishing National Strategic Special Zones facilitating one-window operation to set up entities.

- Select Japanese cities to be freed from building height limits.

- Womenomics encouraged with labor market reforms.