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The businessman and activist who helped inspire Prime Minister Fumio Kishida’s “new capitalism” policy framework for distributing the fruits of growth more widely, also wants public spending ramped up to bolster growth.

According to George Hara, author of a 2009 book also titled “New Capitalism,” the next step after initial efforts to better distribute wealth should be government spending. Speaking in an interview this week, he said he expected the idea to gain traction with Kishida.

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