Japan's growth strategy covers 17 sectors — The Japan Times
In Japan, the new growth strategy of Prime Minister Sanae Takaichi's administration is designed to run through fiscal year 2040. It is a central element of the government's economic and industrial policy and aims to strengthen the country's economy and national security, The Japan Times reports.
Strategic sectors
The strategy identifies 17 strategic sectors, including semiconductors, artificial intelligence, and defense. Within these sectors, it outlines 62 priority technologies and products.
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Public and private investment
A roadmap for public and private investment is provided for each technology or product. It covers the current situation and challenges, implementation paths, targets, necessary measures, and required budgets.
Separately, the strategy identifies eight cross-cutting areas, including the development of technological capabilities and human resources. Columnist Kazuto Suzuki notes that electoral cycles complicate long-term economic planning in democracies. In his view, to achieve its main goal, the strategy must be maintained across several administrations.
