The Japanese government plans to invest 3 trillion yen in advanced semiconductors, power batteries and other fields

Japanese Prime Minister Fumio Kishida held a press conference a few days ago and announced his package of policy measures to overcome high prices and achieve economic revitalization.

Among the key points of the fiscal spending plan announced on the same day, about 3 trillion yen will be invested in emerging industries such as advanced semiconductors, power batteries, robots, etc., to drive private supporting investment, and it is expected that the output value of related industries will increase by 9 trillion yen, export The amount increased by more than 2 trillion yen, driving 490,000 new jobs.

Kishida Fumio also revealed that Japan and the United States will invest 1.3 trillion yen to jointly develop next-generation semiconductors to strengthen supply chain security.

The total scale of fiscal expenditure of the comprehensive plan announced on the same day is as high as 39 trillion yen, which is expected to drive GDP growth by 4.6 percentage points and reduce the CPI in 2023 by more than 1.2%.