TOKYO (Reuters) -Japanese Prime Minister Sanae Takaichi’s government on Tuesday created a new economic strategy panel, aiming to boost the world’s fourth-largest economy with proactive spending.
The government approved the creation of the advisory panel, the Japan Growth Strategy Council, which includes private-sector experts. The panel will be the administration’s key policy platform to build a strong economy backed by targeted investment.
“We aim to increase tax revenue without raising tax rates,” Takaichi said, speaking at the opening of the headquarters of the panel.
A public-private investment roadmap will be crafted, outlining the content, timing and target amounts of investments, she said.
(Reporting by Makiko Yamazaki and Kentaro Sugiyama; Editing by Tom Hogue)
Comments