Japan’s newly elected Prime Minister Fumio Kishida delivered his first policy speech on Friday, pledging to reach economic growth for the country with its new form of capitalism and redistribute that success.
Kishida said, when we distribute the fruits of growth properly, we will be able to realize more growth. Neoliberal policies have caused a deep rift between the rich and the poor.
On economic policies, Kishida said his government would invest in cutting-edge areas such as artificial intelligence and enact laws to prevent leakage of technology.
Kishida also promised to implement tax incentives for companies that raise salaries.
Meanwhile, the prime minister vowed to address deflation through heavy monetary easing and fiscal spending.
Regarding the COVID-19 pandemic, Kishida promised to be fully prepared for booster shots and medical treatment, and he made it easier for the government to impose restrictions on movement and secure medical resources if future waves of infection occur. Also mentioned the law to make.
As far as the constitutional amendment is concerned, he said he would expect a constructive debate in Parliament and more public discussion on the way forward.
The ruling Liberal Democratic Party has proposed a set of four amendments such as giving the cabinet the ability to exercise emergency powers during a national crisis.
In addition, Kishida said that Japan, as the only country to have been hit by a nuclear bomb in a war, would serve as a bridge between nuclear-weapon states and non-nuclear-weapon states.
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