Japan to target $2.3 trillion public-private investment by 2040, Nikkei reports
Key takeaways
- A call by Reuters to the Prime Minister’s Office on Saturday to seek comment went unanswered outside business hours.
- The Japan government is considering creating a multi-year budget framework to ensure stable funding for investments deemed critical to economic security, some of which may be financed through bridging bonds.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize Japan plans to set a target of about $2.3 trillion in combined public and private investment by 2040 across 17 strategic sectors as part of the Prime Minister of Japan, Sanae Takaichi’s new growth strategy, the Nikkei reported on Friday.
The 370 trillion yen investment initiative, to be unveiled as early as next week, will focus on areas such as AI, chips and space development, as Takaichi seeks to use government spending to spur private-sector investment, the business daily said, without citing a source for the information.
A call by Reuters to the Prime Minister’s Office on Saturday to seek comment went unanswered outside business hours.