Japan has been one of the first countries to take decisive actions for a post-pandemic stimulus bill that will focus a lot of attention on making green and sustainable investments.
While Japan’s Prime Minister Suga didn’t have details about the size of the green stimulus, this is a country with a history of making very large economic investments.
The Financial Post had an interesting quote from Japan’s officials.
“The government shouldn’t be bound by precedents. It must deploy all budgetary, tax and deregulation means available to boost growth,” the members said in a written proposal presented to the council’s meeting.”
One of the main concepts is to make funds available to businesses that heavily invest in digital and carbon-neutral technology.
That could mean anything from new technologies for EVs, renewable energy, insulation, and smart home technology.
It’s a good time to be in such an industry in Japan, as the yen could be flowing in from as early as January next year.
Hopefully, this kind of approach will find its way to countries in Europe and North America.
