In light of the rise in energy prices due to the situation in Ukraine, Prime Minister Kishida will focus on investing in fields where new growth can be expected, such as decarbonization, in order to strengthen the constitution of the Japanese economy at the Council on Economic and Fiscal Policy. I emphasized.
At the Council on Economic and Fiscal Policy held at the Prime Minister's Office, opinions were exchanged on how to respond to rising energy prices and future economic management.
Among them, private lawmakers said that the vulnerabilities of Japan's energy, which is highly dependent on foreign countries due to the situation in Ukraine, were highlighted, and that the available technologies and resources were used, including the restart of nuclear power plants that ensured safety. He pointed out that we should mobilize all of them and promote the development of innovative technologies such as hydrogen.
Prime Minister Kishida said, "We will respond flexibly to the rise in prices of raw materials such as energy in order to mitigate the impact. On top of that, we will enhance the sustainable growth potential and improve the Japanese economy. It is necessary to change to a constitution that is resistant to shock. "
He added, "As energy conservation efforts in the era of the oil crisis laid the foundation for subsequent growth, now that we are in a pinch of rising energy prices, we should shift to an opportunity to proceed with decarbonization efforts at once." He emphasized the idea of focusing on investment in fields where new growth can be expected, such as decarbonization.