News On Japan
Politics
TOKYO - The Takaichi government said on June 24 that public and private investment in 17 strategic fields, including AI and semiconductors, is expected to exceed 370 trillion yen by 2040, as it seeks to draw out private-sector spending and turn advanced technologies into economic growth.
Image of Takaichi Government Targets 370 Trillion Yen Investment Push

A cross-party national council discussing a reduction in the consumption tax on food will present a draft proposal on June 24 calling for the rate to be lowered to 1% from April next year.

The speakers and vice speakers of both houses of the Japanese Diet approved on June 22 the government’s outline for revising the Imperial Household Law and related measures aimed at securing the number of imperial family members, following what has been described as the consensus of the legislature.

Centrist Reform Alliance leader Ogawa has secured agreement from the leaders of the Constitutional Democratic Party of Japan and Komeito to establish a consultative body to discuss a possible merger of the three parties.

A bill to revise the national referendum law, which sets procedures for constitutional amendments, was approved by the House of Representatives plenary session and is expected to enter deliberation at the House of Councillors Commission on the Constitution on June 24.

A draft of the joint statement from the G7 summit in France has revealed that all proposals put forward by Prime Minister Takaichi on energy security and critical minerals have been incorporated into the agreement.

Powerful gathering at the G7 Summit in Evian-les-Bains as President Donald Trump, Emmanuel Macron, Keir Starmer, Friedrich Merz, Giorgia Meloni, Sanae Takaichi, Mark Carney, Ursula von der Leyen, Antonio Costa, Sheikh Tamim bin Hamad Al Thani, Sheikh Mohamed bin Zayed Al Nahyan and Abdel Fattah al-Sisi attend a high-level working lunch.