Japan sets goal of about $2.3 trillion in public-private investment by 2040

Japan plans to target about 370 trillion yen (around $2.3 trillion) in combined public and private investment by 2040 across 17 strategic areas including AI, semiconductors and space. The government would use measures such as a multi-year budget framework and bridging bonds to secure stable funding. The initiative aims to use public spending to spur private-sector investment. The plan is part of Prime Minister Sanae Takaichi’s new growth strategy, the Nikkei reported.