Survey Overview This is an industrial policy survey research report (Report Number: 1000057) conducted by the Ministry of Economy, Trade and Industry (METI) in FY2024. It examines the reconstruction of industrial policy in response to structural changes including digital transformation, decarbonization, and population decline.
Current Situation Analysis The domestic economy in 2024 faces serious labor shortages due to population aging, in addition to inflation and geopolitical risks. Concerns about industrial hollowing-out are growing due to the overseas relocation of manufacturing industries, with the overseas production ratio of manufacturing reaching 25.8% in 2023. The digital industry recorded a growth rate of 15.2% annually.
Priority Policies For GX promotion, a total of 150 trillion yen in public-private investment is envisioned to achieve the target of 46% reduction in greenhouse gas emissions by FY2030. Policies include establishing hydrogen and ammonia supply systems (2 trillion yen), fostering the battery industry (3.2 trillion yen), and developing semiconductor strategic bases (2 trillion yen). For DX promotion, the digitalization rate of SMEs will be increased from 42.5% to 70%.
Expected Effects The goal is to strengthen international competitiveness by maintaining real GDP growth rate of 2.0% in FY2030, achieving R&D investment ratio to GDP of 4.0%, and improving labor productivity by 2.5% annually.