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Japan's PM Takaichi sets ¥1,100 trillion nominal GDP target for fiscal 2040

Sakura Murakami

3d ago· 2 min readenNews

politics business government policy japan economy

Summary

Japanese Prime Minister Sanae Takaichi has set an economic target for fiscal year 2040, aiming for nominal GDP of approximately ¥1,100 trillion ($6.8 trillion) and ¥230 trillion in domestic private-sector capital investment. The plan also includes steadily reducing the debt-to-GDP ratio. These projections align with Cabinet Office estimates assuming successful implementation of the government's growth strategy over the next 14 years.

Source

bskyJapan's PM Takaichi sets ¥1,100 trillion nominal GDP target for fiscal 2040japantimes.co.jp

Key quotes

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Covering the period through fiscal 2040, the plan aims to achieve ¥230 trillion in domestic private-sector capital investment and a GDP approaching ¥1,100 trillion ($6.8 trillion) by FY2040, while steadily reducing the debt-to-GDP ratio.

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The projections are in line with Cabinet Office estimates based on the premise that the government’s growth strategy is successfully implemented over the next 14 years.

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