Japan plans to target about $2.3 trillion in combined public and private investment by 2040 across 17 strategic sectors, Nikkei reported on Friday.
The 370 trillion yen Japan investment plan is part of Prime Minister Sanae Takaichi’s new growth strategy. Nikkei reported that the initiative could be unveiled as early as next week.
The plan will focus on sectors including artificial intelligence, chips and space development. Takaichi aims to use government spending to encourage private-sector investment.
Reuters said a call to Japan’s Prime Minister’s Office on Saturday went unanswered outside business hours.
The Japanese government is considering a multi-year budget framework for investments tied to economic security. Some funding may come through bridging bonds.
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Bridging bonds cover temporary funding needs and carry guarantees on specific repayment means. The structure may help Japan argue it remains mindful of fiscal discipline while increasing spending.
