Keidanren Chairman Tokura and Minister of Economy, Trade and Industry Nishimura held a meeting and agreed that the government would support investment in innovative fields among companies through fiscal spending.
The meeting was attended by Keidanren Chairman Tokura and vice-chairmen representing companies, who exchanged views with Minister of Economy, Trade and Industry Nishimura.
In this, Chairman Tokura said, “Investment and consumption are important for the sustainable growth of the Japanese economy. We hope that spending will spark private investment."
In response, Minister Nishimura said, "There is the highest level of willingness to invest in recent years, and we will provide solid support to stimulate investment so that we can expand investment in startups, science and technology, AI, etc. I want to realize the three virtuous circles of investment, innovation, and income growth," he said, adding that the government will provide financial support through new comprehensive economic measures to encourage companies to invest in innovative fields. We agreed to go ahead.
At the Ministry of Economy, Trade and Industry (METI), the council's subcommittee, which resumed last week, has been discussing the areas that will be the core of the policy, and will consider specific support, such as formulating a five-year plan for supporting startups by the end of the year. It is a policy to move forward.