What happened
The government chose 28 priority products and technologies, including semiconductors and AI, from 62 candidates across 17 strategic fields, targeting over ¥370 trillion in public and private investment.
Why it matters
The 28 items are expected to have significant economic spillover effects, and the government will formulate an implementation plan by the end of the year, designating the next five years for intensive investments.
WHO IT HITSThis affects companies and research institutions in the selected fields, such as semiconductor, AI, biopharmaceutical, quantum computing and shipbuilding firms, which may gain access to public support and investment.
Summaries like this, every morning.
The selection is part of a growth strategy that relies on large-scale public and private investment. The list spans 28 items, including vertical and physical AI, data centers, biopharmaceuticals, quantum computing, shipbuilding, and the refining of critical minerals. These were chosen from 62 candidates in 17 strategic fields, with the expectation of significant economic spillover effects. The government plans to set out an implementation plan by the end of the year and treat the next five years as a period of intensive investment. Prime Minister Sanae Takaichi said at the council meeting that large-scale and strategic investment support measures are essential for establishing a domestic semiconductor supply chain.
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