The Japanese government has decided to increase the country’s annual infrastructure exports to 45 trillion yen (about 286 billion U.S. dollars) by 2030, aiming to enhance supply chains in the energy and food sectors.
The government on Tuesday released a new export strategy as it set to hit its 2025 target of 34 trillion yen.
Japan’s overseas infrastructure orders stood at 31 trillion yen in 2022, up about 60 percent from 2014.
The strategy will support Japanese companies in expanding infrastructure exports in key economic security areas such as energy and food, as the country remains overly dependent on imports for these critical resources.
“I hope the government continues as one to work strongly toward further advancements,” Prime Minister Shigeru Ishiba said at a meeting held at his office.
