Tokyo, 27 July 2026 – Japanese Prime Minister Sanae Takaichi is pressing ahead with a ¥370 trillion, or approximately US$2.3 trillion, public-private investment programme aimed at revitalising Japan’s economy, despite growing concern over government debt, rising bond yields and persistent weakness in the yen.

The long-term strategy seeks to mobilise investment through fiscal 2040 across 17 industries considered critical to Japan’s growth and economic security. Artificial intelligence, semiconductors, digital infrastructure, cybersecurity, quantum technology, energy security, shipbuilding and space development are among the priority areas.

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Kenji Yamamoto

Kenji Yamamoto is a Senior Fellow at The Ledger Asia, where he explores the critical nexus of Asian international relations, economic development, and environmental sustainability. With extensive experience in cross-border policy analysis, Kenji provides a unique perspective on how diplomatic alliances and green energy transitions drive long-term growth across the Asia-Pacific.

Previously an advisor for regional development banks, he specializes in sustainable infrastructure and the circular economy’s role in modernizing emerging markets. At The Ledger Asia, Kenji’s deep-dive reports help readers navigate the complex balance between rapid industrialization and the global imperative for climate resilience and corporate responsibility.

Takaichi Backs Japan’s US$2.3 Trillion Growth Drive Despite Market Unease

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