| From Arabnews.com: Japan, one of the world’s top three economies, has included tax reforms and regulatory measures for Islamic finance, as part of the country’s financial strategy, which is one of seven key components of the government’s “new growth strategy — blueprint for revitalizing Japan,” which was approved by the Japanese Cabinet last June and recently published.
This is reminiscent of a microcosm of Malaysia’s strong inclusion of the role of Islamic finance, especially sukuk issuance, in the country’s economic transformation program (ETP), and its latest Five-Year Development Plan, which was announced by Prime Minister Mohd Najib Tun Abdul Razak during his budget 2011 speech and at the launch of the ETP in November 2010..............................................Full Article: Source
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