Takaichi Promotes 370 Trillion Yen of Investment
Sanae Takaichi government released a plan of investment by public and private sectors through fiscal year 2040. The government assumed total amount of investment in this period to be 370 trillion yen. Although it expects that active public investment will invigorate economic activities of private sectors, there still remains a concern that further spendings may exacerbate fiscal balance of the government. Prime Minister Takaichi launched Headquarters of Japan Growth Strategy in her government last November. It was aimed at promoting public and private investments to contribute to global issues by providing with goods, services and infrastructure. Takaichi believes that active investment of the government strengthens Japanese economy by inducing action of private sectors. The headquarters designated seventeen categories of economy for intensive investment, which included artificial intelligence (AI) and semiconductor, medical treatment and medicines ...