Takaichi Attends Keidanren’s 80th Anniversary Reception
Overview
On October 19, 2026, Prime Minister Takaichi attended and addressed a reception in Tokyo marking the 80th anniversary of the Japan Business Federation. Citing wage increases and capital investment, she said the economic tide was beginning to turn and that Japan was at a turning point for creating a virtuous cycle of sustainable growth. Under its “responsible and proactive fiscal policy,” the government will promote domestic investment centered on the Japan Growth Strategy and Regional Future Strategy, and called on the business community to invest and raise wages.
Key points
- Prime Minister Takaichi attended and addressed the Japan Business Federation’s 80th anniversary reception.
- The Prime Minister said the economic tide was beginning to turn, while Japan stood at a turning point for achieving sustainable growth.
- The government announced plans to promote domestic investment centered on its growth strategies and implement regulatory and institutional reforms.
- The Prime Minister called on the business community to pursue bold investment and wage increases.
Overview
On October 19, 2026, Prime Minister Takaichi attended and addressed a reception in Tokyo marking the 80th anniversary of the Japan Business Federation.
The Prime Minister said Japan’s economy had stagnated amid a deflationary economic structure, but efforts to raise wages and past economic policies were beginning to bear fruit, and the tide was starting to turn. She said Japan was at a turning point: the change must not be temporary, but should lead to a virtuous cycle of sustainable growth.
Impact
The Prime Minister called on the business community to pursue “bold investment” and “wage increases,” and expressed her expectations.
Details
Under its “responsible and proactive fiscal policy,” the Takaichi Cabinet revised its budget formulation policy, with the Japan Growth Strategy and Regional Future Strategy as its two pillars. It set out a plan for large-scale, long-term, predictable fiscal spending to catalyze private investment and draw out domestic investment.
The Japan Growth Strategy Action Plan, to be formulated by the end of the year, will set out a pathway for domestic investment over the next five years, focusing on “current sources of revenue,” “future earnings drivers,” and “strengthening economic security.” It will also introduce comprehensive measures addressing cross-cutting issues such as labor markets and finance, as well as regulatory and institutional reforms.
The Prime Minister cited Chair Tsutsui’s domestic investment target of 250 trillion yen for FY2040 and urged the business community to respond to government initiatives with investment and wage increases.