Saturday, Nov 27 2021 | Time 13:24 Hrs(IST)

Japan's new PM Kishida delivers 1st policy speech since taking office

Japan's new PM Kishida delivers 1st policy speech since taking office

Tokyo, Oct 8 (UNI/Xinhua) Fumio Kishida, the newly elected Japanese prime minister, on Friday delivered his 1st policy speech, vowing to reach economic growth for the country with his "new form of capitalism" and redistribute the fruits of that success to build up a stronger middle class.

"Only when we properly distribute the fruits of growth will we be able to realize more growth," Kishida said, adding that neoliberal policies had caused a "deep rift between the haves and the have-nots."

On economic policies, Kishida said that his government would invest in cutting-edge fields such as artificial intelligence and seek legislation to prevent the leakage of technology.

Kishida also promised to implement tax incentives for companies that raise wages.

Meanwhile, the prime minister vowed to ward off deflation through drastic monetary easing and fiscal spending. The idea matched with "Abenomics," which was pursued by former prime ministers Shinzo Abe and Yoshihide Suga.

Regard the COVID-19 pandemic, Kishida pledged to get fully prepared for booster shots and medical treatments, and he also mentioned legislation to make it easier for the government to impose restrictions on movement and secure medical resources when future waves of infections happen.

"The key to crisis management is to be always prepared for the worst-case scenario," Kishida said, adding that cash handouts would become available for businesses and people suffering from the COVID-19 pandemic.

He emphasized the importance of communication and building trust with the public and other countries throughout the speech and made the case for building "a kind and warm society based on human connection," quoting an African proverb, "If you want to go fast, go alone. If you want to go far, go together."

As for constitutional revision, he said he would expect constructive debate in parliament and more public discussion on a way forward.

The ruling Liberal Democratic Party has proposed a set of four amendments such as giving the Cabinet the ability to wield emergency powers during national crises.

In addition, Kishida said that Japan, as the only country to be hit by an atomic bomb in war, would serve as a bridge between nuclear weapons states and non-nuclear weapons states, aiming to realize "a world without nuclear arms."

More News

IPA CIS says observers started monitoring general election in Kyrgyzstan

27 Nov 2021 | 1:11 PM

Bishkek, Nov 27 (UNI/Sputnik) A group of election observers from the Inter-Parliamentary Assembly of Member Nations of the Commonwealth of Independent States (IPA CIS) has begun monitoring the parliamentary elections in Kyrgyzstan, the IPA CIS told Sputnik on Saturday.

see more..

Bus crash in central Mexico kills 21, injures 30: Reports

27 Nov 2021 | 1:07 PM

Mexico, Nov 27 (UNI/Sputnik) Twenty-one people have died and 30 others injured in a bus crash in central Mexico, the Razon de Mexico newspaper reported.

see more..

Bangladesh observes 13th anniversary of 26/11 Mumbai terror attack

27 Nov 2021 | 1:00 PM

Dhaka, Nov 27 (UNI) The 13th anniversary of 2011 Mumbai terror attacks was observed in Dhaka by Forum for Secular Bangladesh and Trial of War Criminals along with the Bangladesh-India Friendship society.

see more..

New York State declares disaster emergency amid COVID-19 resurgence

27 Nov 2021 | 12:30 PM

New York, Nov 26 (UNI/Xinhua) New York State Governor Kathy Hochul on Friday declared a disaster emergency for the entire state through January 15, 2022 amid a new wave of COVID-19 infections, it was reported on Saturday.

see more..

South Korea reports 4,068 new COVID-19 cases, second-highest daily figure

27 Nov 2021 | 12:28 PM

Seoul, Nov 27 (UNI/Xinhua) South Korea reported 4,068 more cases of COVID-19 as of midnight Friday compared to 24 hours ago, raising the total number of infections to 436,968, officials said on Saturday.

see more..