Japanese PM Takaichi says there is a dearth of domestic investment in Japan and will stop trend of austerity and lack of investment

Says:

• Pledges to drive a significant investment via multi-year budgets and long-term funding strategies.
• Affirms that essential expenditures will be maximised through the initial budget allocation.
• Affirms commitment to prudent fiscal policies to maintain market confidence.
• Aims for swift approval of crucial legislation, including tax reform, by the end of FY26/27.
• Government will unveil an investment roadmap for 17 strategic sectors beginning next month.
• Announced acceleration of nuclear reactor restarts.
• Cabinet's approach to fiscal policy will combine discipline with proactive measures.
• Japan to establish its own version of CFIUS to review and screen foreign investments.
• Will aim to compile an interim plan on sales tax cuts by early summer and promptly submit related tax reform bills for consideration.
• China seeks to change the status quo in maritime areas.