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

20211108N Solar Hokkaido

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

YUKI FUJITA, Nikkei staff writer

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.

Sponsored Content

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