It is difficult to imagine that production  BIS central bankers’ speeches  5  bases would return home once they shift to overseas. Therefore, if core companies and factories move overseas, it will be difficult for Japan’s economy to regain the merits of business clusters even with a correction in the yen’s appreciation.
The draft budget law also authorises the recruitment, in addition to what is possible under current legislation, of more than 15,000 public sector employees, allocating over € billion for this purpose over the three years. There has been a sharp contraction in staff turnover in general government since 2012. This resulted in a decrease of around 135,000 jobs per year between 2011 and 2017.