Japan releases economic growth blueprint for 2040, aiming to achieve average annual GDP growth

Japan has released its economic growth blueprint for 2040, aiming to achieve an average annual real GDP growth of over 1% and nominal growth of 3%. The plan predicts that by the fiscal year 2040, the cumulative investment from both public and private sectors will exceed 370 trillion yen (approximately 2.29 trillion US dollars), the annual capital expenditure target for the private sector will be around 230 trillion yen, and the GDP will be close to 1100 trillion yen. The blueprint focuses on public-private partnerships and supports key industries to address the issue of long-term underinvestment. The Japanese government urges the Bank of Japan to maintain interest rate settings that support growth in order to reduce financing costs.