Japan's Cabinet Approves Bill to Set Up "Strategic Special Zones"

(MENAFN- Qatar News Agency) Japan's Cabinet approved a bill Tuesday to set up "strategic special zones" in which deregulation can be promoted exclusively, a centerpiece for his government's economic growth strategy. Japanese Prime Minister Shinzo Abe's administration is expected to designate three to five special zones early next year, which would be aimed at attracting people and investment from both at home and abroad through deregulation and tax incentives The government is seeking the passage of the bill during the ongoing extraordinary Diet session through December 6.