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Japanese Prime Minister Fumio Kishida hopes his "new capitalism" initiatives will spur a "second founding period," following Japan's post-World War II period of business startups.   © Source photos by Getty Images
Asia Insight

Japan startups see Kishida's 'new capitalism' as road without map

Plan to increase the sector 10-fold spurs both hope and skepticism

WATARU SUZUKI, Nikkei staff writer | Japan

TOKYO -- Japanese entrepreneurs striving to grow startups have joined economists, market participants and business leaders in wondering what Prime Minister Fumio Kishida's talk of "new capitalism" means for government policy.

Many hoped some light would be shed on June 7 when Kishida unveiled policy guidelines outlining his economic policy. But this involved broad themes, not details or proposed measures.

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