As part of its growth strategy, the government designated 16 of 17 areas and 62 products and technologies, including semiconductors, data centers and drug discovery, as priority investment targets. Industry has responded positively to the investment.
The government announced on the 6th that it had designated 16 products and technologies among 17 areas and 62 products and technologies as priority items. The priority targets include semiconductors, data centers, batteries, dual-use technologies, games and anime, physical AI, autonomous driving, next-generation solar cells, plant factories and drug discovery.
The government said it plans to invest ¥370 trillion through fiscal 2040 through the public and private sectors to create a strong economy. The respective shares to be borne by the public and private sectors have not yet been determined, making discussions during the budget formulation process a key focus going forward.
Ibiden President Kawashima Koji (河島浩二) said that the company’s foundation is essential to the growth of the AI market, and pointed to expanding global semiconductor demand and tight production capacity. Kioxia President Ota Hiroo (太田裕雄) called for the medium- to long-term continuation of subsidies and tax support, shorter construction timelines and stronger power infrastructure.
SoftBank CEO Miyakawa Junichi (宮川潤一) pointed to accelerating AI investment and new investment in domestic national projects, and emphasized achieving economic growth through investment. The government and private sector indicated their intention to work together to support growth.