When Prime Minister Yoshihide Suga’s administration approves Japan’s new growth strategy later this month, it's likely there will be a whole chapter dedicated to a topic that had not been given much attention until recently: economic security.
The new focal point reflects the rising tension between the United States and China in recent years, with U.S. President Joe Biden seeing geoeconomic risks as a key issue for his administration.
“I doubt there were growth strategies in the past that played up economic security as a pillar like this one does,” said a government official who briefed reporters earlier this month.
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