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ECONOMY > Economic Policy

METI goal: 172 trillion yen in public-private investment for decarbonization, economic security

  • April 27, 2022
  • , Nikkei , p. 5
  • JMH Translation

The Nikkei learned on April 26 that the Ministry of Economy, Trade and Industry (METI) has set a goal to increase public-private sector investment in priority areas, such as economic security and decarbonization, to 172 trillion yen by 2030. This is 1.5 times the amount currently invested. METI also aims to spur economic growth by accelerating investment in human resources and startups across all sectors.

 

This goal will be incorporated in METI’s interim report to be presented at its expert meeting on April 27. METI aims to increase investment to 17 trillion yen per year in technologies related to decarbonization and 4 trillion yen per year in digital technologies, such as semiconductors, by 2030.

 

METI will also promote changes in socioeconomic structures across all sectors. METI’s goal is to have ten times the current amount of investment in startups within five years. METI will encourage companies to increase the percentage of new hires as well as allow workers to have second jobs and side jobs.

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