ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Japan kicks off debate on $265bn stimulus including batteries, chip factory

Kishida seeks to put 'new capitalism' spin on government spending as economists question size

A solar power plant in Hokkaido in northern Japan: A Japanese government panel has called for funding for batteries to store renewable energy.

TOKYO -- The Japanese government has kicked off discussions on an economic stimulus package estimated at more than 30 trillion yen ($265 billion), starting with a debate in Prime Minister Fumio Kishida's council on a "new capitalism" that balances growth and wealth distribution.

The council, led by the prime minister himself and a top priority for his government, on Monday issued recommendations in four areas: innovation, startups, digital society and economic security.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more