Japan government aims to secure annual real economic growth over 1%, draft policy blueprint reveals

Japan's average real growth rate over the last five years was 0.4%. - - **Reminder 24th June: Japan PM Takaichi: Reiterates growth-strategy target for ¥370T (~$2.3T) in combined public/private investment through FY2040 - ** Note: Comes as Fin Min Katayama proposes the creation of a new multiyear budget framework mandating that spending must be strictly tied to predictable revenue streams from tax, bonds and targeted spending cuts, which Katayama describes as "the biggest fiscal reform since World War II". - - The plan pairs with targeted growth sectors within a ¥370T ($2.3T) 14-year investment road map for AI, chips, and energy. - [**Reminder that a draft of the Takaichi govt’s long-terrm economic blueprint was leaked yesterday that explicitly urges the Bank of Japan (BOJ) to align its decisions with the government's growth focus].