Sanae Takaichi has outlined a strategic economic target for Japan, aiming to lift the country's nominal gross domestic product to $6.8 trillion by 2040.
The announcement marks a significant policy ambition, seeking to address decades of economic stagnation and deflationary pressures that have constrained the world's third-largest economy.
The target represents a substantial increase from current levels, requiring sustained growth in both real output and price levels.
Achieving this goal would necessitate a combination of structural reforms, increased productivity, and potentially a more accommodative monetary stance to support higher inflation expectations.
The proposal aligns with broader efforts to revitalize Japan's economic engine and improve its global competitiveness.
Market reaction to the announcement has been measured, with investors scrutinizing the feasibility of the timeline and the specific policy measures required to support such growth.