- Analytics
- News and Tools
- Market News
- Japan PM Kishida urges panel to craft proposals for “new capitalism” soon
Japan PM Kishida urges panel to craft proposals for “new capitalism” soon
Japanese Prime Minister Fumio Kishida said on Tuesday, he has asked his government economic panel to compile "urgent proposals" by early November to flesh out his signature "new capitalism" vision, per Reuters.
Key takeaways
The proposals will include promoting the development of advanced technologies for digitalization and decarbonization and economic security issues, including securing semiconductor supplies as "top priorities."
"We shared the view of aiming to improve productivity through growth strategies and increase the levels of people's income through redistribution of the fruits" of that growth.”
Market reaction
USD/JPY is testing 114.00, unperturbed by these comments, as it remains at the mercy of the US dollar’s price action.
The spot was last seen trading at 113.95, higher by 0.22% on the day.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
