Tokyo, May 19 (Jiji Press)–Japan’s ruling Liberal Democratic Party will propose establishing a public-private council to promote investment and lending in 17 strategic fields including artificial intelligence and semiconductors, it was learned Tuesday. The proposal was included in a set of recommendations broadly approved by the LDP’s Research Commission on the Finance and Banking Systems to support the growth investment agenda championed by Prime Minister Sanae Takaichi’s administration. The party hopes that the recommendations will be reflected in the government’s new financial strategy, due to be compiled by this summer. The draft notes the need to strengthen banks’ functions to provide funds and assist growth to support growth investments and domestic industry realignments. Meanwhile, the draft urges major regional banks to include initiatives to strengthen investment banking services in their medium-term business plans. END [Copyright The Jiji Press, Ltd.]
LDP to Propose Public-Private Panel to Promote Investment in Key Areas
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