Sanae Takaichi has set out a ¥370tn ($2.3tn) investment roadmap for Japan in the biggest policy move since her pledge to build a “strong and prosperous archipelago” helped secure an election landslide in February.
The prime minister’s 14-year spending blueprint, which is Japan’s largest-ever and longest-term such plan, combines public and private investment in 17 strategic sectors of the economy and includes more than $600bn for AI and semiconductors.
The scale of the plan, along with concerns around the state’s capacity to efficiently allocate capital, revived questions about how Takaichi plans to pay for the implied fiscal expansion.