Prime Minister Takaichi Sanae held the first meeting at Japan’s economic strategy headquarters on Tuesday.
She told her cabinet ministers to develop policies in 17 industrial fields to drive growth. The goal is to come up with clear strategies by next summer.
“I will strongly push for growth strategies to strengthen supply structures and build a robust economy,” she told the ministers. “I want you to establish measures to help improve the environment for investors by committing to multi-year budget allocations in strategic fields.”
The government is targeting such sectors as AI, shipbuilding and defense industries.
Takaichi assigned a minister to head each of the 17 strategic sectors. The headquarters will also be responsible for reforms in the labor market, pay policy, and others.
An advisory council including the private sector was also set up. The members include Japan Business Federation Chairman Tsutsui Yoshinobu and Japanese Trade Union Confederation President Yoshino Tomoko.