The Ministry of Economy, Trade and Industry explained the distributed materials for the 34th Industrial Structure Council General Meeting held on July 29, 2025.
At this general meeting, the "Fourth Interim Summary of New Industrial Policy Framework" became the main agenda item, discussing long-term industrial policy directions toward 2040. The Fourth Interim Summary presents a concrete roadmap for industrial structural transformation centered on digitalization and green transformation, with support measures totaling 15 trillion yen specifically included for promoting domestic investment in semiconductors, batteries, and biomanufacturing.
Detailed reports were also made on agreements regarding US tariff measures, with the announcement that maintaining preferential tariff treatment for exports to the US is expected to maintain export effects of approximately 240 billion yen annually.
As priority items for FY2026 economic and industrial policy, 1.2 trillion yen was allocated for developing domestic production bases for critical materials toward supply chain resilience, and for startup support, a policy of expanding investment amounts from the current 800 billion yen to 8 trillion yen annually, aiming for a 10-fold scale expansion, was presented.
For achieving carbon neutrality, goals were set to reduce power generation costs to less than half the current level by 2030 through mass production support for next-generation solar cells, and to establish a hydrogen supply system of 3 million tons annually for hydrogen supply chain construction.
Regarding policy evaluation, among 95 policy projects implemented in FY2024, 78 projects (82%) achieved target achievement rates of 80% or higher. Particularly notable results included a 35% increase in corporate digital investment for DX promotion initiatives and renewable energy introduction exceeding targets by 15% for GX initiatives.
The article shows that Japan industrial policy is being developed as a comprehensive strategy that balances long-term international competitiveness strengthening with domestic investment expansion, representing a highly effective policy package with specific numerical targets and budget measures.