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Japanese Prime Minister Fumio Kishida said on Tuesday that steps taken under former premier Shinzo Abe’s “Abenomics” policy of massive monetary and fiscal stimulus were not enough to create a sustainable and inclusive economy.
Under his “new capitalism” policy, Kishida aims to help create a virtuous cycle of economic growth and wealth distribution, he said during a speech at the World Economic Forum’s virtual Davos Agenda conference.
Abenomics was deployed in 2013 to pull Japan out of economic stagnation, but it failed to close income gaps that widened as the ranks of workers in less-secure, low-paid jobs grew.
“Rather than leaving everything to market and competition, I will put emphasis on the government and private sector working together for socioeconomic transformation,” said Kishida, who took office last October.
On climate change, Japan aims to cooperate closely with other countries in Asia so that they can jointly tackle the imminent global challenge.
Japan PM: Abenomics did not create sustainable economy
marketscreener.com – Jan 19
Japanese Prime Minister Fumio Kishida said on Tuesday that steps taken under former premier Shinzo Abe’s “Abenomics” policy of massive monetary and fiscal stimulus were not enough to create a sustainable and inclusive economy.
Japan Donates 700,000 AstraZeneca Jabs to Iran
financialtribune.com – Jan 17
ran received 700,000 AstraZeneca vaccine shots from Japan over Friday and Saturday as part of the country’s pledge to increase donations in response to the emergence of the Omicron variant of the coronavirus.
Japan unveils latest anti-COVID steps
NHK – Jan 12
The Japanese government has unveiled its latest set of anti-coronavirus measures, as the Omicron variant continues to spread. The plan includes moving up the vaccine schedule to give people their third shots earlier.
Japanese women find their voice
mondediplo.com – Jan 11
The general election for Japan’s lower house last October was the first since the act on ‘promotion of gender equality in the political field’ three years earlier.
U.S. bases in Japan to come under tighter COVID-19 controls
Japan Times – Jan 10
The United States has agreed to impose stricter COVID-19 measures at U.S. military bases in Japan, a U.S.-Japan joint statement said Sunday, amid concerns that outbreaks at bases have fueled infection in local communities.
Japan declares quasi-emergency for 3 prefectures
NHK – Jan 07
Japan is imposing stricter coronavirus measures in response to a spike in cases. The government has declared a quasi-emergency in three prefectures where the virus is quickly spreading.
Australia, Japan sign ‘historic’ defence pact amid China concerns
aljazeera.com – Jan 07
The leaders of Australia and Japan have signed a “historic” defence treaty that Australian Prime Minister Scott Morrison said would “contribute to a secure and stable Indo-Pacific” as China expands its military and economic clout in the region.
Japan to allow Omicron carriers to isolate at home
nippon.com – Jan 06
Japan’s health ministry Wednesday notified the local governments that people infected with the omicron coronavirus variant can isolate at home instead of being hospitalized, if local medical systems become strained.
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