Japan’s Kishida Sees Growth as Game Changer for Yen
Joint US-Japan intervention has helped the yen for now, but isn’t a game-changer for the currency or the economy, Japan’s former Prime Minister Fumio Kishida said in a Bloomberg TV interview in Tokyo. He touted a ¥370 trillion ($2.3 trillion) growth strategy as the long-term vision that will transform Japan’s fortunes. (Source: Bloomberg)
Former Prime Minister Fumio Kishida believes that Japan's ¥370 trillion growth strategy is a game-changer for the country's economy, despite the recent joint U.S.-Japan intervention in the currency market that has temporarily supported the yen. Kishida, who is now the chief of a ruling party group, emphasized that the growth strategy, covering 17 strategic areas, represents the long-term vision necessary to transform Japan's fortunes.
He acknowledged that the currency intervention could provide some respite, but it may not be sufficient unless the fundamental economic situation and broader environment improve. Kishida's comments come as he outlined the ambitious 14-year strategy during an interview, highlighting the potential of the nascent semiconductor and AI industries to drive accelerated economic growth.
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- Kishida sees growth strategy as game changer for yen japantimes.co.jp
