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3

Build on
international
opportunities

  • Being a consistant advocate of free trade
  • Promote attractiveness of local Japan and SMEs

Actively incorporating growth from around the world is the key to Japan’s economic growth.

Japan will use every means available to extend free, fair, rule-based markets across the world. Japan will continue to demonstrate leadership to this end.

Meeting expanding global infrastructure needs with Japan’s quality infrastructure will contribute to not only Japan’s economic growth, but also to economic development of partner countries, constructing win-win relationships.

Being a consistant advocate of free trade

FREE TRADE

FREE TRADE

  • Make efforts to bring free trade agreements into force

    • Comprenensive and Progressive Agreement for Trans-Pacific Partnership by 11 nations (TPP11)
    • Japan-EU Economic Partnership Agreement (Japan-EU EPA)
  • Promote negotiations of other EPAs such as RCEP and Japan-China-ROK FTA

flagAchievements
  • Negotiations are ongoing to increase FTA coverage ratio to 70% by 2018

    *Trade value base. In force or signed
    Source: Ministry of Foreign Affairs “Japan’s EPA initiatives” Ministry of Economy, Trade and Industry (As of March 2018)

    FREE TRADE
  • Finalized the negotiations in January 2018 and signed TPP11 in March 2018
  • Finalized the negotiations of the Japan-EU EPA in December 2017

EXPORT OF QUALITY INFRASTRUCTURE

EXPORT OF QUALITY INFRASTRUCTURE

More information: https://www.japan.go.jp/infrastructure

  • Provide financing to infrastructure projects across the world of approximately USD 200 billion for the next five years
  • Encourage private companies to invest and finance in infrastructure projects
  • Strengthen the institutional capacity and financial grounds of Japan’s relevant organizations*

    *including JICA, JBIC, NEXI and JOGMEC

flagAchievements
  • Decided with Prime Minister Modi of India to develop the Mumbai-Ahmedabad High Speed Rail (MAHSR) based on the Japanese Shinkansen system, aiming to start operation in 2023

    A groundbreaking ceremony was held on September 14, 2017

  • Infrastructure project orders received

    EXPORT OF QUALITY INFRASTRUCTURE

    Source: Cabinet Office “30th meeting of the Management Council for Infrastructure Strategy”
    *Approximate figures

Promote attractiveness of local Japan and SMEs

TOURISM

TOURISM

  • Form 100 world-class DMOs1 and train tourism management specialists by 2020
  • Promote branding of national parks, usage of cultural properties and create globally attractive travel routes
  • Improve the tourist experience with additional free Wi-Fi spots and 3,000 ATMs equipped for international transactions
  • Pursue planning of the “Integrated Resorts” promotion

    Bill was enacted in December 2016

  • Promote temporary accommodations by renting private dwellings under certified procedures
flagAchievements
  • Inbound tourists and expenditure
    24million tourists with and expenditure of 3.7trillion yen in 2016
    TOURISM
  • Regions with a high growth rate of inbound tourists2 (Growth from 2012 to 2016)
    TOURISM

    Source: Japan National Tourism Organization, Japan Tourism Agency “White Paper on Tourism in Japan”

  • 1DMO = Destination Management / Marketing Organization
  • 2Excluding day trip travelers

SMEs

SMEs

  • Support the international expansion of SMEs, particularly Japan’s numerous “hidden champions” especially in the regional areas
    A double-wall tank being laid in the ground at a gas station in Ho Chi Minh City by Tamada Industries, Inc. a Japanese storage tank manufacturer based in Ishikawa Prefecture
  • Modernize SMEs to comply with global standards

    • Encourage financial institutions to engage in the profitability enhancement of companies and review the credit-guarantee system
    • Accelerate the establishment of data utilization platforms and provide IT support to increase productivity
    • Promote development and manufacturing in innovative products and service by supporting capital equipment
flagAchievements
  • Ordinary profits of SMEs have a record high
    18.3trillion yen
    SMEs

Source: Ministry of Finance “Financial Statements Statistics of Corporations by Industry,” all industries, enterprises with capital of at least 10 JPY mn but less than 100 JPY mn, seasonally adjusted figures

3

Build on
international
opportunities

  • Being a consistant advocate of free trade
  • Promote attractiveness of local Japan and SMEs

ABENOMICS TOP

Build on international opportunities