International Japan Plans to Invest 2.3 Trillion Dollars by 2040

Source: Reuters | Translated by AI 1 min Reading Time

Japan plans to invest around 2.3 trillion dollars by 2040— including in the fields of artificial intelligence, semiconductor technology, and space exploration.

Japan plans larger investments in the fields of artificial intelligence, semiconductor technology, and space exploration.(Image:)
Japan plans larger investments in the fields of artificial intelligence, semiconductor technology, and space exploration.
(Image:)

The project, with a volume of 370 trillion yen for areas such as artificial intelligence, semiconductor technology, and space exploration, is set to be presented next week, the business newspaper "Nikkei" reported on Friday.

It is part of Prime Minister Sanae Takaichi’s new growth strategy, aimed at using government expenditures to stimulate private investments. As of Saturday, the government had not provided a response to a request for comment from the Reuters news agency.

To finance it, Tokyo is reportedly considering a multi-year budget framework. A portion could be funded with bridging bonds. This would allow the heavily indebted country to claim adherence to fiscal discipline despite the additional expenditures.

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