Japan has unveiled a $2.3 trillion investment plan spanning the next 14 years. The roadmap marks a key step in Sanae Takaichi's effort to shape the nation's growth strategy.
Japan has unveiled a $2.3 trillion investment plan for the next 14 years.
The roadmap marks a key step in Sanae Takaichi's effort to put her stamp on Japan's growth strategy.
It comes as technological change and geopolitical tensions reshape economic priorities.
Defense Minister Shinjiro Koizumi said Friday that Japan's initial budget for defense spending and related costs in fiscal 2026 totals about 10.6 trillion yen ($66.5 billion), roughly 1.9 percent of its 2022 gross domestic product or around 1.5 percent using projected fiscal 2026 GDP. Japan aims to raise spending to 2 percent of GDP by fiscal 2027.
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Sanae Takaichi is considering a new quota for growth investment covering 17 areas including artificial intelligence and semiconductors.
Sumitomo Mitsui Trust is considering up to ¥380 billion in digital investments. The bank also plans to spend ¥30 billion on operational optimization and reposition around 900 employees into client-facing roles.
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North Korea on May 3, 2026, slammed Japan's ongoing efforts to revise its National Security Strategy, National Defense Strategy, and Defense Buildup Program, calling the move 'a brazen challenge to global peace and humanity.' This follows Japan's January announcement of a spring expert panel to kick off the review process, aiming for completion by year-end.