Japan PM Kishida urges panel to craft proposals for “new capitalism” soon
Japanese Prime Minister Fumio Kishida said on Tuesday, he has asked his government economic panel to compile "urgent proposals" by early November to flesh out his signature "new capitalism" vision, per Reuters.
Key takeaways
The proposals will include promoting the development of advanced technologies for digitalization and decarbonization and economic security issues, including securing semiconductor supplies as "top priorities."
"We shared the view of aiming to improve productivity through growth strategies and increase the levels of people's income through redistribution of the fruits" of that growth.”
Market reaction
USD/JPY is testing 114.00, unperturbed by these comments, as it remains at the mercy of the US dollar’s price action.
The spot was last seen trading at 113.95, higher by 0.22% on the day.
Reprinted from FXStreet_id，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.