Japan¡¯s new economic security minister has downplayed concerns about regulations that could hamper international commerce, saying repeatedly the country¡¯s commerce is based on a flourishing free market.
¡°First of all, the basic principle is that business is free,¡± said former Finance Ministry official Takayuki Kobayashi, who was appointed to the position in Prime Minister Fumio Kishida¡¯s Cabinet last month.
¡°Our country can¡¯t prosper without that. When looking at areas to be protected or strengthened, like supply chains, we must communicate with private sector companies,¡± he said in an interview Thursday.
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