Japan Eyes 5-Year Intensive Investment in 17 Strategic Fields
Tokyo, Oct. 1 (Jiji Press)--The Japanese government said Thursday it plans to designate the five years beginning in fiscal 2027 as an intensive investment period and identify 17 priority sectors, such as artificial intelligence and semiconductors, in its growth strategy implementation program to be compiled at year-end. The program, to be formulated alongside the government's budget proposa...
Tokyo, October 1 (Jiji Press) - Japan's government announced on Thursday its intention to designate the fiscal period starting in 2027 as a five-year intensive investment phase. This decision will be incorporated into their growth strategy implementation program, which is set to be finalized by year-end. The strategy, which will be developed concurrently with the government's budget proposal for the upcoming fiscal year, commencing in April, is anticipated to encompass detailed figures for both public and private investments allocated to each of the prioritized sectors.
The Council for Japan's Growth Strategy, presided over by Prime Minister Sanae Takaichi, convened to discuss this policy. The selection of priority sectors will be determined by various considerations including financial return and the sector's potential to stimulate broader economic growth. The government aims to target projects that are projected to significantly enhance the country's growth trajectory.
Furthermore, to ensure transparency and stability for private enterprises, the government intends to outline its budgetary allocations across multiple fiscal years, thereby providing a clearer economic roadmap for businesses.
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