Japan unveils 2.3 trillion investment plan for next 14 years

Japan unveils $2.3 trillion investment plan for next 14 years Prime Minister Sanae Takaichi aims to put her stamp on Japan's growth strategy as technological change and geopolitical tensions reshape economic priorities. Prime Minister Sanae Takaichi has unveiled a long-term vision for Japan's economic development featuring massive investment in artificial intelligence and semiconductors as well as other key sectors including defense, space and shipbuilding. The plan calls for investing more than ¥370 trillion ($2.3 trillion) in the 14-year period ending in March 2041, with ¥101.6 trillion earmarked for artificial intelligence and chips spending alone, according to documents released Wednesday after a policy advisory panel's meeting. In introducing the plan, Takaichi said she aims to create a "strong and prosperous investment framework." The blueprint calls for a combination of public and private investment to reach the target amounts, with the government seen contributing a little less than half if inflation stays in line with expectations.