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Reuters
Reuters
Business
By Tetsushi Kajimoto

Japan PM Kishida unveils economic action plan on 'new capitalism'

FILE PHOTO: Japanese Prime Minister Fumio Kishida arrives for a bilateral meeting with Laos' President Thongloun Sisoulith, at the prime ministers' office in Tokyo, Japan, Thursday, May 25, 2023. Shuji Kajiyama/Pool via REUTERS/File Photo

Japanese Prime Minister Fumio Kishida's government on Tuesday unveiled an action plan on his "new capitalism" programme of driving growth and wealth distribution through wage hikes, signalling his commitment to shift the economy into a higher gear.

Kishida's economic strategy will focus on investment in human resources, science and technology, innovation and start-ups, as well as green and digital transformation, as key driver of growth.

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