According to Japan's Asahi Shimbun, the general outline of the first annual core economic policy blueprint under the Kishida Sanae administration, titled "Basic Policy on Economic and Fiscal Management and Reform," has basically taken shape.
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Its core pillar lies in a growth strategy jointly invested by the public and private sectors, totaling over 370 trillion yen (approximately $2.3 trillion), as well as reforms to the budget compilation system. The blueprint outlined by the government aims to use government investment as a catalyst to spur private sector investment, thereby achieving a win-win situation of economic growth and fiscal health. However, the strategy encompasses as many as 62 products and technologies across 17 fields, making it overly broad and its investment effects difficult to predict. The government should not forget that its role is to provide support in areas where companies are unable to invest on their own, while strictly maintaining fiscal discipline.
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