Japanese Prime Minister Fumio Kishida said Tuesday he will push for a green and digital transformation as part of his efforts to create a new form of capitalism, in an address at a virtual World Economic Forum event.
In his speech at the Davos Agenda conference, Kishida, who took office in October, stressed the need to overhaul economic and social structures by keeping universal values such as democracy, pointing to the risks posed by state capitalism in an apparent reference to countries such as China.
Kishida said the COVID-19 pandemic has created an “opportunity” for Japan to promote digitalization, adding that his country will build infrastructure such as seabed cables and optical fiber networks, as well as data centers in various parts of the nation, to cope with a surge in data volume.
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