Prime Minister Kishida, who is visiting the United States, made a speech at the New York Stock Exchange and called for active investment in Japan, stating that he would achieve sustainable economic growth through "new capitalism."
He also revealed his intention to make permanent the preferential tax system "NISA" for individual investors in order to boost the flow of domestic savings to investment.
In this, Prime Minister Kishida explained that the "new capitalism" that he himself advocated is a policy that draws out the power of the private sector while also responding to risks such as climate change, and striving for both growth and sustainability. We will mobilize all policies, including budget, tax system, and regulatory reform," he said.
As a specific priority issue, we will raise “investment in people” and review the current seniority-based salary system, which is based on lifetime employment, in order to revitalize the labor market, and improve the quality and results of work. After announcing the policy of reforming to the "job type" that is emphasized, he indicated his intention to work on the creation of guidelines, aiming for by next spring.
In addition, in order to support the flow from savings to investment in Japan, he announced his intention to make permanent the preferential tax system "NISA" for individual investors.
Furthermore, Prime Minister Kishida expressed his intention to strengthen cooperation in the field of semiconductors between Japan and the United States, and expressed his intention to make the supply of goods under international cooperation an important agenda item for next year's G7 Hiroshima Summit. clarified.