Mar 10 • 11:00 UTC 🇯🇵 Japan Asahi Shimbun (JP)

Prime Minister Takagi's Key 'Growth Strategy' Presents 61 Products and Technologies for Priority Support

The Japanese government, led by Prime Minister Fumio Kishida, unveiled a growth strategy emphasizing 61 products and technologies for priority support, focusing on sectors like AI and semiconductors.

On October 10, the Japanese government convened a meeting of the Japan Growth Strategy Council to discuss the contents of Prime Minister Fumio Kishida's 'crisis management investment' and 'growth investment' strategies. The meeting presented 61 products and technologies that will receive prioritized support across 17 strategic fields including artificial intelligence, semiconductors, and aerospace. However, the details regarding the scale of investment, specific amounts, and expected economic impacts were not included in the discussions.

The draft roadmap shared by the government outlined goals and directions for 27 items, including AI robots and flying cars, targeting a market share of over 30% globally for AI robots by 2040, positioning Japan as a third pillar alongside the U.S. and China. Japan currently boasts a 70% share in the industrial robot market, demonstrating strong competitiveness, and the government plans to promote investments in AI model research and development in disaster prevention areas, aiming to generate demand.

Additionally, the government set a goal to achieve 40 trillion yen in semiconductor sales domestically by 2040, revising previous targets established in 2023. Initially, the goal was to increase sales from 5 trillion yen in 2020 to 15 trillion yen by 2030; the updated target extends the timeline and adds an additional 25 trillion yen for future sales projections. The government is keen to strengthen its semiconductor industry, particularly in light of the global market competition and reliance on foreign suppliers, such as Taiwan.

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