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BMI View: The Liberal Democratic Party's recent success in the Upper House elections has increased the potential for policy formation and execution in Japan, prompting us to revise up our near-term forecasts for the country's construction sector. However, it still remains to be seen if the Japanese government will be able to take advantage of its political strength and carry out the necessary reforms that could lift long-term construction demand. At present, we have seen some progress in implementing reforms specific to the infrastructure sector. Key developments in the sector: ? In July 2013, four Japanese power utilities applied to the Nuclear Regulation Authority (NRA) to restart 10 reactors at five plants under the authority's new safety standards - the new standards were introduced ...
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