An economic policy panel of the government has proposed a fresh stimulus package to get the coronavirus-hit economy back in shape, including beefing up support for companies actively raising employee wages.
During a meeting on Monday, the panel also suggested a large-scale subsidy program to encourage the digitalization of rural areas, as well as assistance for building state-of-the-art semiconductor factories to ensure a sufficient supply of computer chips.
The proposals, aimed at realizing Prime Minister Fumio Kishida's signature vision of a "new capitalism," will be reflected in the government's economic package, which Kishida said will be compiled on Nov. 19.