Japan Drops to 39th in World Bank Rankings on Ease of Biz
Washington, Oct. 31 (Jiji Press)--Japan ranked 39th in the World Bank's annual global "ease of doing business" list, down from 34th in the previous year's chart, the Washington-based institution said in a report Wednesday.
The administration of Japanese Prime Minister Shinzo Abe has set a target of raising the country to third or higher among advanced economies on the list by 2020, but this appears more difficult to achieve.
The rankings are decided by sorting the aggregate scores given to 190 countries and regions on 10 business environment topics, such as starting business, registering property and getting credit.
A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm, according to the World Bank.
Japan came in top place for resolving insolvency, but in 97th for paying taxes, falling sharply from 68th. It also moved down the lists for getting credit and getting electricity.
[Copyright The Jiji Press, Ltd.]