The government's Council for the Realization of New Capitalism discussed new economic measures in response to rising prices on May 27, and decided to prioritize measures such as wage increases for companies and tax breaks to encourage domestic investment, and to proceed with the design of specific systems at relevant ministries and agencies.
Following Prime Minister Kishida's directive to compile economic measures by the end of next month, the government's Council for the Realization of New Capitalism discussed specific measures at its meeting on the 27th.
Strengthening tax breaks for companies working to raise wages, supporting capital investment to improve productivity at small business establishments, etc
They confirmed that the creation of tax breaks to encourage domestic investment in strategic areas such as storage batteries and semiconductors will be a priority issue.
In addition, we will focus on the introduction of tax breaks for income derived from intellectual property such as patent rights,
and we will proceed with the design of a specific system at the relevant ministries and agencies.
Prime Minister Kishida stated, "We had a discussion on how to transform a cost-cutting 'cold-temperature economy' into a growth-oriented economy with an appropriate temperature driven by sustained wage increases and active investment.