Japan aims to turn investment surge into lasting growth, finance minister tells WEF
DUBAI: Japan’s new government is seeking to move away from decades of deflation and cost-cutting by pursuing large-scale investment in strategic technologies, resilient supply chains and productivity growth, Finance Minister Satsuki Katayama said during a World Economic Forum session on Japan’s economic future.
Speaking at the WEF discussion “How can we unlock new sources of growth? Japan’s Turn,” Katayama said Japan is at a “dramatic moment” as Prime Minister Takaichi Sanae’s administration seeks a fresh mandate following the dissolution of the lower house announcement made this week.
“She will take on three major policies and put them to the choice of the Japanese people,” Katayama said, describing the government’s approach as one aimed at reviving growth “through responsible and proactive public finances.”
The session, moderated by Gideon Rachman, brought together senior political and business figures to assess whether Japan’s recent economic momentum can be turned into sustainable long-term growth amid demographic decline and rising geopolitical pressure.
