The Japan Association of New Economy (JANE; Location: Minato-ku, Tokyo; Representative Director: Mickey Mikitani) issues the following statement from its representative director regarding Prime Minister Takaichi’s Newly Formed Cabinet.

1. Prime Minister Takaichi’s new cabinet was formed on 21 October, 2025. Through the LDP presidential election processes, she has articulated a vision focused on natural tax revenue growth driven by economic expansion, rather than treating tax increases or fiscal consolidation as ends in themselves. She has also highlighted employment promotion measures, including raising the annual income barrier and reviewing working hour regulations. We believe this economic policy vision aligns closely with the principles that JANE has consistently advocated through policy proposals and other initiatives. Furthermore, Prime Minister Takaichi has emphasized concentrated investment in strategic growth areas such as AI and semiconductors, signaling an intent to build an industrial structure capable of responding to the digital economy, a goal JANE has long supported.

2. To make Japan a country where “people, knowledge and capital (money)” gather from all over the world and to achieve sustainable economic growth, it is crucial not only to reform taxation and labor systems but also to strategically utilize global talent and implement bold deregulation free from entrenched interests. We hope these reforms and policies will be advanced under this coalition government.

3. Without economic growth and the development of diverse industries, Japan’s future cannot be bright. We hope strong leadership will drive vigorous policy debates and create an environment where the private sector can maximize its “spirit of independence and self-respect” and “entrepreneurship,” guided by the fundamental principle of “Give more authority to the private sector”, thereby drawing out the maximum potential for innovation.