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Potential of Investments in Information and Communications Technology

- GDP Boost of 70 Trillion Yen by Fiscal Year 2030
- Using ICT for Interaction with Customers Is Key



Keisuke Takachi and Toshiya Jitsuzumi

The downturn in potential GDP growth of Japan’s economy has long been pointed out. Now facing a time when the burdens of the declining population and aging society weigh heavily, it is an urgent matter to increase the growth of labor productivity. Given the situation, how should companies effectively use rapidly evolving information and communications technology (ICT)? How should the government back them up? This report will discuss these issues based on deliberations held by a research group in which the authors participated, launched by the Japan Center for Economic Research (JCER) aimed at building an ICT-driven economy and society.

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