It was proposed that policies to discover and develop entrepreneurs, along with deregulation, are needed amid warnings that a failed investment plan on the scale of ¥370 trillion funded by deficit-financing government bonds would increase the country's fiscal risk.
The previous article in the series argued that Japan could continue to suffer repeated financial failures, and discussed policies aimed at growing the economy and improving fiscal health through deregulation and private investment. Against the backdrop of foreign-affiliated companies competing aggressively to capture business, the view was expressed that an environment in which companies can compete more effectively should be created.
The approximately ¥370 trillion investment plan was cited as an example of the risk of failure when taxes, regulation and investment are concentrated in the government under a large-government approach. The cumulative losses of the Cool Japan Fund were disclosed, prompting critical comments about the use of taxpayers' money.
Rising long-term interest rates were identified as a fiscal risk factor, and concern was expressed that growing interest payments on government bonds could affect fiscal management going forward.
A report was given on the High School Students' Everyone's Dream Award 7 business contest. Entries exceeded 2,000, with participants coming from 310 schools. Activities to discover and develop entrepreneurs were praised.