JETRO Invest Japan Report 2024
Chapter3. Recent Government Measures Section2. Priority Program for Attracting Foreign Direct Investment

Strengthening activities to attract foreign investment and secure human resources aiming for 100 trillion yen in FDI stock by 2030

The Action Plan for Attracting Human and Financial Resources from Overseas (hereinafter the "Action Plan") was decided at the Council for Promotion of Foreign Direct Investment in Japan ^*1, which compiled 100 policy measures for promoting FDI and set a target of increasing the FDI stock in Japan to 100 trillion yen by 2030.

The council established the FDI Task Force for Attracting Human and Financial Resources from Overseas to follow up the Action Plan, where they discussed matters for which efforts should be accelerated and deepened. The Cabinet Office also conducted interviews with embassies in Tokyo, chambers of commerce and industry, local governments, financial institutions, and so forth.

From among the 100 measures set forth in the Action Plan and the feedback received in the interviews, the Priority Program for Attracting Foreign Direct Investment with 4 pillars and 10 policy measures was presented as the items to be particularly focused on and the policy responses to be taken in the future.

Note *1:

The Council for Promotion of FDI in Japan is a government-sponsored conference that promotes direct investment in Japan, while directly hearing the views of foreign company managers and others.

Chart 3-3: Priority Program for Attracting Foreign Direct Investment: 4 Pillars and 10 Policys
No.	4 pillars of priority programs	10 policy measures
1	Expanding investment opportunities in Japan	1) Ensuring implementation of the Comprehensive Economic Measures to End Deflation Completely, and its PR 2) Identifying the challenges for foreign companies in making follow-up investments in Japan 3) Promoting activities abroad to attract FDIs in Japan by the FDI Task Forces established in five diplomatic missions (U.S., U.K., France, Germany, and Australia)
2	Securing highly skilled human resources in Asia and other regions	4) Conducting comparative study with overseas on securing human resources in the semiconductors and key fields 5) Conducting needs survey on residential status and exploring possible measures based on the result of the survey 6) Attracting world-class researchers and expanding the acceptance of highly educated foreign students from Southeast Asia, India, and other countries, and supporting their employment in Japan
3	Promoting collaborations between domestic and foreign companies	7) Supporting the matching between Japanese startups with foreign venture capitals, disseminating compiled good cases of collaboration between foreign and Japanese companies (incl. SMEs), and considering further measures 8) Promoting compliance of standards with international ones on performance evaluation of VC funds made by investors and disclosure of indicators that are considered important for their management
4	Improving business and living environments that are in high demand by foreign companies	9) Promoting English-language documentation and one-stop procedures for establishing corporations 10) Speeding up and facilitating procedures for opening bank accounts

Source:

Based on "Priority Program for Attracting Foreign Direct Investment in Japan" (May 2024) by the Cabinet Office

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