Japan sets $286b infrastructure export goal by ’30

The Japanese government aims to boost the country’s annual infrastructure exports to 45 trillion yen (about $286 billion) by 2030 to strengthen supply chains in the energy and food industries.

The government unveiled a new export strategy on Tuesday as it aims to achieve its 2025 target of 34 trillion yen. Japan’s overseas infrastructure orders reached 31 trillion yen in 2022, marking a 60 per cent increase from 2014.

The strategy aims to assist Japanese companies in increasing infrastructure exports in vital economic security sectors like energy and food, as the nation currently relies heavily on imports for these essential resources.

“I hope the government continues as one to work strongly towards further advancements,” Prime Minister Shigeru Ishiba said at a meeting held at his office.

Attribution: Xinhua

Subediting: M. S. Salama