PRIME MINISTERIAL ADDRESS

Prime Minister Sanae Takaichi addresses the FII Priority Asia Summit in Tokyo, emphasizing Japan's commitment to global leadership and economic security. She highlights the 70th anniversary of diplomatic relations between Japan and Saudi Arabia. The Takaichi Cabinet focuses on crisis management investment through public-private partnerships to tackle economic, food, energy, health, and national resilience challenges. Japan aims to strengthen its economy by investing in strategic fields like AI and cybersecurity, promoting international collaboration, and developing human resources. The government is working to create new demand through defense procurement and regulatory reform. Japan seeks to maintain a free and open international order, particularly in the face of geopolitical competition. The discussion addresses concerns about Japan's fiscal policy, with the Prime Minister explaining efforts to reduce government bond issuance and improve debt indicators. The government aims to encourage investment in human resources and research and development, revising the corporate governance code. Discussions focus on ensuring wage increases outpace inflation and creating an environment for continuous wage growth.