Kyodo News Agency reported on January 18 that Yasuhiro Nishimura, Japan’s economic regeneration role, said in his economic speech at the plenary session of the House of Representatives on the 18th that it will focus on investing in the three fields of “digital”, “environmental protection” and “talents” to strive to achieve a new economic society that also focuses on the post-coronavirus epidemic subsides.
He stressed that in order to ensure a safe life, the safety net for people living in poverty will be strengthened.
Nishimura noted that the economy, which had fallen heavily as a result of last spring’s declaration of emergency, “continues to be on the good, but the recovery is still midway.”
The Japanese government has issued a renewed emergency declaration targeting 11 prefectures, but he expects real economic growth of about 4.0% in 2021, and gross domestic product (GDP) “recovers to pre-coronavirus levels in 2021”.
Nishimura believes that in order to achieve economic growth, it is important to attract private investment aimed at accelerating digitalization and achieving decarbonization society.