India, June 21 -- Japan plans to set a target of about $2.3 trillion in combined public and private investment by 2040 across 17 strategic sectors as part of Prime Minister Sanae Takaichi's new growth strategy, the Nikkei reported on Friday.

The 370 trillion yen investment initiative, to be unveiled as early as next week, will focus on areas such as AI, chips and space development, as Takaichi seeks to use government spending to spur privatesector investment, the business daily said, without citing a source for the information.

A call by Reuters to the Prime Minister's Office on Saturday to seek comment went unanswered outside business hours.

The government is considering creating a multiyear budget framework to ensure stable funding f...