Prime Minister Fumio Kishida said the country needs to focus on new areas of growth as a panel laid out proposals for his "new form of capitalism” aimed at reducing social disparities and driving the economy.
"We’ve put together a grand design for a new capitalism,” Kishida said at a meeting of the panel on Tuesday. "We’ll seek new growth, using the problems we face as a source of energy.”
The proposals are likely to get a Cabinet rubber stamp in early June. Kishida and several other Cabinet ministers are on the panel, along with outside experts.