• Kyodo

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The Cabinet approved Tuesday the first annual fiscal and economic policy guidelines under Prime Minister Fumio Kishida that pledge aggressive investment in areas such as human resources and decarbonization to spur growth.

While the guidelines included key policies to establish a positive cycle of growth and distribution of wealth as part of the “new form of capitalism” advocated by Kishida, it also stipulated a plan to increase defense capabilities in the wake of Russia’s invasion of Ukraine.

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