ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Economy

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.

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