The Japanese government said on Wednesday that it plans to attract 100 trillion yen (749 billion U.S. dollars) worth of foreign direct investment by 2030, in a bid to promote Japan’s economic growth, local media reported.
The numerical target, included in a new action plan, is roughly double the 46.6 trillion yen (349 billion dollars) of foreign investment at the end of 2022, Kyodo News reported.
Japan wants to boost its standing as a production and research hub, capitalizing on a weak yen that would serve as an incentive for foreign investment, the report said.
The plan also calls for drawing
more foreign talents and remote workers known as “digital nomads,” as the country faces acute labor shortages and the working population is projected to shrink further.
Under the plan, Japan will use funds and other resources to attract investment in strategic areas, such as semiconductors, digitalization, green technology and health care, and will seek to develop necessary human resources via tripartite cooperation among the government, firms and academia, according to the report.
Source: Xinhua
