Japan's Prime Minister Kishida Fumio has appealed for increased investment in Japan in a speech in Britain's financial center, the City of London.

Kishida began his speech on Thursday by condemning Russia's invasion of Ukraine. He stressed that Japan will work with the international community to take action against Russia's aggression.

The prime minister said he wants to convey a single message, which is "Invest in Kishida." He said Japan's economy will continue to grow strongly, and it will continue to be a trading and investment powerhouse open to the world.

Kishida added that Japan will ease border controls against the coronavirus next month to allow smooth entry into the country as in other G7 members.
He said he aims to double Japanese people's incomes from asset investments by introducing the "Doubling Asset-based Incomes Plan" to promote a shift from savings to investment.

Kishida said the government will draw up national strategies in five areas, including AI, quantum technologies, biotechnology, digital technology and de-carbonization. The government plans to provide incentives for companies that increase investment in research and development in those areas.

He said the government aims to realize new investments of 150 trillion yen, or about 1.1 trillion dollars, by working with the private sector over the next 10 years to achieve net zero emissions of greenhouse gases by 2050.

Kishida also explained that the government will draw up a comprehensive policy roadmap to 2030.