Date : July 23, 2024
Basic Policy on Economic and Fiscal Management and Reform 2024: An Economic Society with Hope for the Future (Ms. Mana Nakazora, BNP Paribas Securities (Japan) Limited, Vice Chairperson of Global Markets)
post date : 2024.07.16
On June 21, the Cabinet approved the Basic Policy on Economic and Fiscal Management and Reform 2024: Achieving a Growth-Oriented Economy Driven by Wage Increases and Investment, the third such Basic Policy to be approved under the Kishida Cabinet. The Basic Policy indicates a strategy to shift to a growth economy and fully escape from deflation with a virtuous cycle of wage hikes and commodity prices. For the mid- to long-term, it also calls for overcoming the declining birthrate, aging population, and population decline, and bringing about a sustainable economic society in which citizens can feel affluence and happiness. The Economic and Fiscal Rebirth Plan for fiscal years 2025–2030 states the necessity to achieve stable real growth of over 1% in the 2030s and later, when the population decline will increase in pace, with a goal of increasing the nominal GDP to around one quadrillion yen by 2040.
The FPCJ has invited Ms. Mana Nakazora, a credit analyst who since 2021 has been involved in the discussions leading to the creation of the Basic Policy on Economic and Fiscal Management and Reform as an expert member of the Council on Economic and Fiscal Policy, to discuss the key points of this year’s Basic Policy, concrete initiatives, and issues for achieving its goals.
■Please note that you cannot physically attend this briefing, as it will be a Zoom webinar.
■Date: July 23 (Tue), 2024, 14:00-15:30 (Deadline for application: Noon, Mon, July 22)
■Theme: Basic Policy on Economic and Fiscal Management and Reform 2024: An Economic Society with Hope for the Future
■Briefer:
■Language: Japanese, with consecutive English interpretation
As in our standard press briefings, there will be a Q&A session at the end.
*In principle, questions will only be accepted from members of the foreign press.
■Members of the Foreign Press:
Please send any questions for the briefer or topics you are interested in to cp@fpcjpn.or.jp by noon on Thursday, July 18.
As there will only be a limited amount of time to ask questions during the briefing, we will collect questions and provide them to the briefer in advance.
Embassy representatives and FPCJ supporting members may also watch the briefing as observers (admission free).
■How to Apply: Please refer to the email we sent.
*We will not be accepting applications by email.