Economic security is becoming crucial to Japan’s national security portfolio. The government is discussing a new ‘economic security law’ to submit to the National Diet in 2022, which would strengthen supply chains and protect Japanese patents.
In short, despite being the LDP leader, Kishida’s economic policy stance resembles that of the leftist opposition parties. He is claiming that he will deliver cash benefits of 100,000 yen for all children under 18 years old,
Though it has significant problems as outlined above, the GDP index is unlikely to disappear. Without GDP statistics, we would largely lose macroeconomic empirical analyses of GDP fluctuations and growth.