Prime Minister TAKAICHI's government will finalise detailed costs for the first
five years of a $2.3 trillion, 14-year investment plan to reduce uncertainty
around the programme. A document submitted to the growth strategy council says
the government will, by year-end, specify domestic investment areas and scales
through about 2030 and provide a breakdown of public and private investment.
TAKAICHI said now is the time for “responsible, proactive fiscal policy” to
boost domestic investment and potential growth. The short-term plan is expected
to allay market concerns by clarifying costs, feasibility and the allocation of
spending between government and the private sector.
