Service industry is responsible for 70% of Japan’s GDP and employment

Newsroom24x7 Staff

Japanese Prime Minister Shinzo Abe at the award ceremony
Japanese Prime Minister Shinzo Abe at the award ceremony

Tokyo: Prime Minister of Japan Shinzo Abe has stated that the key to spreading the effects of “Abenomics” and the progression of a positive economic cycle to every corner of the country is the improvement of productivity in the service industry, which is responsible for 70% of Japan’s GDP and employment.
The Japanese Prime Minister was speaking at the awards ceremony for the Japan Service Grand Prize held in Tokyo earlier this week.

In his address, the Japanese Prime Minister said on Monday: “We will continue to create a society that correctly evaluates superior services and attaches proper value to them.” This Japan Service Grand Prize was established to that end, as an opportunity to change the way people think about services, Abe added

This awards ceremony was originally scheduled to take place at the end of April. However, the earthquakes in Kumamoto occurred, and they greatly affected the Cruise Train Seven Stars in Kyushu, which was selected to receive the Prime Minister’s Award. Even directly after the disaster occurred, they continued to provide their services in a calm and collected manner that was as close to normal as possible, The Japanese Prime Minister pointed out.

The Japanese Prime Minister, who also visited Oita on Monday said even places that received only minimal direct damage from the earthquakes have seen a sharp drop in visits by tourists. The tourist sites of Kyushu are together an important pillar for Japan as we aim to create a tourism-oriented country. The Government will offer thorough support to absolutely ensure that they are restored to their former glory.

There are no doubt many excellent services being offered across Japan, Abe said adding we will create a hospitality license designed to make service quality more visible and shall begin making use of it from this summer. Moreover, the service industry is now something that extends across national borders.

The Japanese Prime Minister thanked International Cool TA-Q-BIN, which won the award from the Minister of Land, Infrastructure, Transport and Tourism. He said people around Asia can enjoy delicious next-day deliveries of fresh fish, Japanese wagyu beef, fruit, and other products from Japan.

The Trans-Pacific Partnership will expand the size of a free and fair market that correctly evaluates the values of goods and services, the Prime Minister said adding let’s work to spread the hospitality of Japan even further around the world.