
Japan
Statement summary
Takaichi announces a separate investment framework for Japan's growth strategy
Takaichi announces a separate investment framework for Japan's growth strategy.
Takaichi unveils growth strategy with 370 trillion yen investment By NAOFUMI ISHIKAWA / Staff Writer Prime Minister Sanae Takaichi, center, speaks during the joint meeting of the Council on Economic and Fiscal Policy and the Council for Japan’s Growth Strategy at the Prime Minister’s Office on June 24. (Takeshi Iwashita) The government on June 24 announced details of Japan’s Growth Strategy that is topped by a public- and private-sector investment of 102 trillion yen ($630.7 billion) for artificial intelligence and semiconductors. The overall strategy envisions total investment exceeding 370 trillion yen by fiscal 2040 across 17 sectors. These sectors are further broken down into 62 products and technologies, each with projected investment amounts. Under this strategy, the government assumes an additional 10 trillion yen in annual spending. It also will establish a special investment...
