Shindo, the Minister in charge of Economic Revitalization, delivered a speech on the economy at a plenary session of the House of Representatives, calling it a once-in-a-lifetime chance to overcome deflation.He said he would create a situation in which income growth outpaces the rise in prices, and aim to increase the earning power of businesses and "increase income." We emphasized our commitment to achieving a virtuous cycle of economic growth and growth.
In his speech, Minister Shindo said about the current state of the Japanese economy, saying, ``We are facing a once-in-a-lifetime opportunity to break away from deflation and move the economy to a new stage full of energy.'' has not increased as much as planned, and wage increases have not kept up with price increases.''
The government emphasizes its stance of aiming to realize a ``virtuous cycle of income increases and growth'' by creating a situation in which income growth outpaces price increases and increasing the earning power of companies, leading to sustainable wage increases and investment. did.
In addition, in order to raise the potential growth rate, which remains at a low level, we will promote the creation of an environment where motivated people can work, such as by supporting workers' re-learning called ``reskilling,'' and through innovation in fields such as digital and space. He expressed his intention to increase the productivity of the Japanese economy.
He also expressed his intention to advance consideration of medium- to long-term policy issues and reflect them in this year's robust policies, in order to overcome the declining birthrate, aging population, and population decline and realize a society in which people can feel affluence and happiness.