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Japan PM contender Kono wants renewable energy, 5G to be focus of stimulus package

Please try another search Economy1 hour ago (Sep 16, 2021 12:30AM ET) 2/2 © Reuters. FILE PHOTO: Taro Kono, Japan’s vaccination programme chief and ruling Liberal Democratic Party (LDP) lawmaker, attends a news conference as he announces his candidacy for the party’s presidential election in Tokyo, Japan, September 10, 2021. REUTERS/Issei 2/2 TOKYO (Reuters) -…


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Economy1 hour ago (Sep 16, 2021 12: 30AM ET)

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Japan PM contender Kono wants renewable energy, 5G to be focus of stimulus package© Reuters. FILE PHOTO: Taro Kono, Japan’s vaccination programme chief and ruling Liberal Democratic Party (LDP) lawmaker, attends a news conference as he announces his candidacy for the party’s presidential election in Tokyo, Japan, September 10, 2021. REUTERS/Issei

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TOKYO (Reuters) – Japan’s vaccine minister Taro Kono, a contender to replace Prime Minister Yoshihide Suga, said on Thursday any new economic stimulus measures should prioritise spending on renewable energy and expansion of 5G networks nationwide.

In a group interview, Kono also said it was hard to change monetary policy abruptly now given the strain the coronavirus pandemic is inflicting on the economy.

Kono is running to replace Suga, who is stepping down as leader of the ruling Liberal Democratic Party. The winner is virtually assured of being prime minister because of the party’s majority in the lower house of parliament.

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