Japan’s new PM Fumio Kishida

Thoughts

As reported in by Reuters, via The Asahi Shimbun:

Japan should strive for a new form of capitalism to reduce income disparity that has worsened under the coronavirus pandemic, says former foreign minister Fumio Kishida.

“Without distribution of wealth there won’t be a rise in consumption and demand… there won’t be further growth if distribution of wealth is lost,” Kishida said at a presentation of his economic proposals in Tokyo on Wednesday.

Makes sense.

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