Japanese Minister of Economic Regeneration, Minoru Castle, responds to financial concerns over investment plans, stating that AI and semiconductor investments will support the yen

On August 11th, Japanese Minister of Economic Revitalization, Minoru Castle, stated that the government's 370 trillion yen (approximately 2.3 trillion US dollars) industrial investment plan will not weaken fiscal stability, but will instead provide long-term support for the yen by enhancing its economic growth potential. According to the city, support for strategic industries such as AI and semiconductors is a necessary measure to improve productivity, and the government will attach importance to indicators such as the debt to GDP ratio. Regarding the annual 5 trillion yen consumption tax reduction and exemption policy implemented under the Gaoshi Early Seed Plan, Uchihara stated that raising funds is not difficult. At the same time, Minoru Chenguchi expressed respect for the independence of the Bank of Japan.