Prime Minister Fumio Kishida took his appeal for foreign investment to the bankers and investors of London on Thursday, saying his shift to an upgraded version of capitalism would spur economic growth.
In a speech at the medieval Guildhall at the heart of Britain's financial district, Kishida set out his plan to grow the world's third-largest economy by attracting private-sector investment and redistributing wealth.
Japan, like countries around the world, has been hit by rising energy, food and living costs however, and its economy is expected to have slowed to a crawl in the first quarter while the yen trades at two-decade lows to the dollar.