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Economy

2 Sept 2021

Japan Planned Out Economic Strategies before the Elections

The Index Today

Thursday, Japan announced a list of strategies that will focus on promoting green technology and digitalization aiming to boost the economic growth of the country.

Japan’s growth strategy plan will be serving as the basis for any new stimulus package the government may check later this year.

Reports indicated that Prime Minister Yoshihide Suga must win to stay on as head of state and pursue his policy initiatives.

In the outline, the government said there are areas that they need to have a closer investigation in the coming months. The government included Suga’s growth strategy that was unveiled in June.

One of their economic strategies were steps to expand production for electric car batteries and build more charging station for these cars, as well as support to attract semiconductor plants in the country.

One of their priorities lists also included steps for the digital transformation of public services such as medical care.

The government is hoping to prioritize Japan’s economic growth in the long term by boosting its labor productivity and the participation rate of its people.

Clay pottery with table linens