METI FY2024 Survey and Research Report 1000056
This report compiles the results of survey and research projects conducted by the Ministry of Economy, Trade and Industry (METI) in FY2024. It is considered to summarize the outcomes of research that made policy recommendations based on empirical data analysis regarding structural changes in the Japanese economy and challenges in industrial policy.
Background of the Survey Research
The purpose is to examine the appropriate approach to industrial policy for achieving sustainable economic growth amid rapid environmental changes surrounding the Japanese economy, including the advancement of population aging, acceleration of digitalization, and changes in the international economic order. The analysis particularly focuses on policy approaches for balancing the development of new growth sectors with the sophistication of existing industries.
Analytical Methodology
A comprehensive analytical approach is adopted, combining time-series analysis of macroeconomic data, analysis of detailed industry-specific statistics, large-scale questionnaire surveys to companies and industry associations, and interview surveys with experts and practitioners. From an international comparison perspective, comparative analysis with industrial policies of major countries is also conducted to clarify the characteristics and challenges of Japan's policies.
Major Analytical Results
The survey results reveal the characteristics and future direction of changes in Japan's industrial structure. Specific challenges and solutions are presented in areas such as productivity improvement in service industries, high value-added manufacturing, and creation of new industries. Analysis is also conducted on the implementation framework of industrial policies and efficiency of budget allocation.
Policy Recommendations and Future Directions
Based on the analytical results, specific recommendations for improving Japan's industrial policy are presented. Policy directions are proposed in areas such as building innovation ecosystems, improving human resource mobility, promoting regulatory reform, and strengthening international expansion support. The importance of establishing a system for continuous evaluation and improvement of policy effectiveness is also pointed out.