TECH - PM Fumio Kishida Urges US Tech Giants To Invest In Japan: 'I'm Strongly Promoting Policies Toward The Next Economic Stage' | Benzinga
In a strategic move to strengthen economic ties, Japanese Prime Minister Fumio Kishida has reached out to American business leaders, advocating for an uptick in technology investments within Japan.
What Happened: Kishida has made a pitch to American executives for greater investment in Japan’s technology sector, Bloomberg reported on Tuesday.
During a roundtable in Washington, Kishida highlighted the importance of U.S. investments in Japan, particularly in emerging technologies like semiconductors, AI, and quantum computing. He emphasized that such investments would bolster Japan’s economy and, in turn, lead to more Japanese investments in the U.S.
"I want to make this year a period when Japan can completely exit the mindset of deflation and cost cutting," he said.
"I'm strongly promoting policies toward the next economic stage so that people, goods and money will get moving firmly."
Notable attendees at the event included executives from International Business Machines Corp. (NYSE:IBM), Pfizer Inc. (NYSE:PFE), Boeing Co. (NYSE:BA), Micron Technology Inc. (NASDAQ:MU), and Western Digital Corp. (NASDAQ:WDC), among others.
The meeting precedes a summit with U.S. President Joe Biden, where economic cooperation between the two nations will be a key topic. Kishida cited Japan’s significant investment in the U.S., including ...