Japan picks 28 priority items for ¥370 trillion in investments

The government has selected 28 priority products and technologies, including semiconductors and artificial intelligence, for public and private investments totaling over ¥370 trillion, which are a pillar of its growth strategy, sources said Friday.

The list was presented at the day’s meeting of the Council for Japan’s Growth Strategy, chaired by Prime Minister Sanae Takaichi.

“Large-scale and strategic investment support measures are essential for establishing a domestic semiconductor supply chain,” Takaichi said at the meeting.

The 28 priority items were picked from 62 products and technologies in 17 strategic fields. They are expected to have significant economic spillover effects.

The government will formulate an implementation plan by the end of the year, designating the next five years as a period for intensive investments.

The priority items include vertical and physical AI, data centers, biopharmaceuticals, quantum computing, shipbuilding, and the refining of critical minerals.