At the government's Council on Economic and Fiscal Policy, Prime Minister Kishida said at the government's Council on Economic and Fiscal Policy that the comprehensive economic measures to be put together this month in response to rising prices will include not only budgetary measures but also tax measures and regulatory reforms to increase their effectiveness. instructed to
At the meeting on the 5th, regarding the comprehensive economic measures to be compiled this month, private-sector members said that in order to realize continuous wage increases, it is necessary to aim for a real economic growth rate of between 2% and the mid-2% range, excluding price fluctuations. Opinions were expressed that economic measures should be used as a detonator.
In response to this, Prime Minister Kishida said, "In order to overcome the downward pressure caused by soaring prices and the slowdown of the global economy and put the Japanese economy on a higher growth path, the current economic measures will include public investment under the 'new capitalism.' and further expand private investment.”
On that basis, I instructed Minister of State for Economic Revitalization Yamagiwa to incorporate tax measures and regulatory reforms in addition to budgetary measures to increase their effectiveness.
In addition, Prime Minister Kishida has announced an investment of 1 trillion yen over five years, and has asked the relevant ministers to incorporate more effective and easy-to-understand measures, such as education and training, into the comprehensive economic measures to support re-learning to work in growth fields. instructed.