News analysis

Japan PM Kishida's 'new capitalism' is starting to look like 'Abenomics'

Japanese Prime Minister Fumio Kishida announced a policy blueprint, but it lacks details on how it will be funded. PHOTO: AFP
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TOKYO - Japanese Prime Minister Fumio Kishida's touted vision of a "new form of capitalism" when he took office last year is turning out to be much more similar to the Abenomics policy under former premier Shinzo Abe.

An annual government policy blueprint last week - the first under Mr Kishida's administration - made grandstanding pledges to "dramatically strengthen defence capabilities within five years" while emphasising active investment in digital and green transformation and in human capital.

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