At present, we often hear pessimistic views about the future of Japan’s economy and the reason for this mainly seems to be a lack of confidence in Japan’s medium- to long-term growth potential. In fact, from a long-term perspective, Japan’s economic growth rate is on a downtrend.
The Communication of the Commission and the Conclusions of the Council leave room for highly disparate interpretations of the notion of single rulebook. In a minimalist reading, the main step could be held to lie in the elimination of options and national discretions from the directives.