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Japan aims to create $628 billion green energy market: government draft

Tue, 07/10/2012 - 1:25am
Reuters

TOKYO (Reuters) - Japan will aim to create a 50 trillion yen ($628 billion) green energy market by 2020 through deregulation and subsidies to promote development of renewable energy and low-emission cars, a draft of the government's growth strategy showed.

The government will also work with the Bank of Japan to ensure the country exits deflation and achieves stable price growth, according to the draft obtained by Reuters on Tuesday.

"The government hopes the BOJ maintains powerful monetary easing to beat deflation," the draft said.

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