Source: https://www.nomuraconnects.com/focused-thinking-posts/investing-for-a-strong-and-prosperous-japan/ Note: These eleven projects out of 56 account for two-thirds of the ¥370 trillion in investments and 80% of the ¥3,000 trillion projected economic benefits. The numbers in parentheses are the claims for how much GDP will grow for each yen of new investment over the latter’s lifetime.
Key Points:
Being the most efficient producer of a car, and packing it with futuristic technologies, won’t help if no one wants to buy your car
Takaichi’s ¥370 trillion growth plan promises miraculous economic paybacks, e.g., ¥8 trillion invested in autonomous driving will supposedly boost GDP 23 times the amount invested
Similar promises in AI, AI-related chips and AI-related healthcare
Given Japan’s poor track record in software and “big data,” is this realistic?
How come Japan’s performance in advanced fields doesn’t match the huge amounts invested in them?
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