Japan to Adopt Secondary Capital Requirements in Oct.
Tokyo, Aug. 26 (Jiji Press)--Japanese government officials on Wednesday confirmed that they will adopt an ordinance around late October that includes requirements for serving as a secondary capital. The country's parliament enacted a bill last month to create a secondary capital in a regional area to serve as an alternate to the central government's operations and disperse economic bases in...
Tokyo, Japan - Japanese officials have announced plans to introduce a new ordinance in late October that will establish requirements for a secondary capital. This decision comes after the country's parliament passed a bill last month, aiming to create a secondary capital in a regional area to serve as an alternative to the central government's operations and spread economic bases, in anticipation of major disasters.
To incentivize the selection of a secondary capital, tax breaks and deregulation measures will be implemented. Local governments, including Osaka, Hokkaido, Aichi, and Fukuoka prefectures, have submitted their proposals to vie for the position of secondary capital. The requirements for the designation of a secondary capital are expected to focus on minimizing the risk of simultaneous disaster impact on both the primary and secondary capitals.
The selection process will consider factors such as the location of regional government offices, population size, and economic concentration.
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