Japanese Economic Revitalization Minister Shigeru Machinami: AI and semiconductor investments will support the yen
2026-08-11 00:22:14
According to CoinMeta, Japanese Minister of Economic Revitalization, Jiro Muruuchi, stated on August 11 that the Japanese government's industrial investment plan of 370 trillion yen (approximately 2.3 trillion US dollars) will not weaken fiscal stability; rather, it will provide long-term support for the yen by enhancing economic growth potential. He pointed out that support for strategic industries such as AI and semiconductors is necessary to improve productivity, and the government will pay attention to indicators such as the debt to GDP ratio. Regarding the annual 5 trillion yen consumption tax reduction policy planned by Toshimaki Sanae, Muruuchi said that raising funds is not difficult, and he also expressed respect for the independence of the Bank of Japan.
Source:Internet
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