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FY2018 Initial Budget and FY2017 Supplementary Budget Proposals

The Ministry of Economy, Trade and Industry

  • METI aims to leverage stimulus policies to promote a private-sector productivity revolution.
  • METI's FY2018 initial draft budget amounts to approximately 1.3 trillion yen (11.8 billion US dollars).
  • Following Cabinet approval of the draft budget, the Diet will begin deliberations.

1. Investment to Promote Connected Industries

  • Standardize data formats and develop systems to support new business creation, leveraging data from autonomous vehicle tests and smart home appliances. Promote inter-company data sharing.

FY2018 Initial Draft Budget: 6.7 billion yen (61 million US dollars)
FY2017 Supplementary Draft Budget: 2.1 billion yen (19 million US dollars)

  • Strengthen standards-related information gathering and proposal functions, and increase staff at international standards organizations to achieve international standards.

FY2018 Initial Draft Budget: 5 billion yen (45 million US dollars)

  • Support the development of next-generation AI chips and computing technology able to process increasingly complex data.
  • Support research and development programs in areas including robotics, biotech, drones and space technology.

FY2018 Initial Draft Budget: 61.4 billion yen (558 million US dollars)
FY2017 Supplementary Draft Budget: 10.1 billion yen (918 million US dollars)

  • Cooperate with the United States to develop human resources in cyber security through simulations targeting key infrastructure.

FY2018 Initial Draft Budget: 4.2 billion yen (38 million US dollars)

2. Encourage SMEs and microbusinesses to achieve a productivity revolution

  • Provide a package of programs including aid and technical support to Japanese SMEs to assist them in making investments to develop innovative services and prototypes as well as improve their manufacturing process, as part of broader policy efforts to promote the fourth industrial revolution.

FY2017 Supplementary Draft Budget: 100.0 billion yen (9 billion US dollars)

  • Publicize productivity-enhancing IT tools and support SMEs in introducing these tools to improve the efficiency of back-office operations and drive sales.

FY2017 Supplementary Draft Budget: 50.0 billion yen (455 million US dollars)

  • Provide consulting and other support to SMEs and microbusinesses to assist them in business succession planning, and recovery planning for those facing financial issues.

FY2018 Initial Draft Budget: 6.9 billion yen (63 million US dollars)
FY2017 Supplementary Draft Budget: 5 billion yen (45 million US dollars)

3. Measures to Promote Energy Policy Goals

  • Maximize use of low-carbon energy sources in Japan. Specific measures to include support for private-sector research and development programs to reduce the cost of energy generated from solar and other renewable sources and programs to improve the efficiency of plant maintenance.
  • Promote energy efficiency. Specific measure to include aid for the installation of high energy-saving facilities at factories and workplaces, and the spread of Net Zero Energy Houses (ZEH).
  • Accelerate reconstruction of Fukushima. Specific measures to include support for decommissioning and contaminated water containment at Fukushima Daiichi Nuclear Power Station. Support the development of technology that improves the safety of nuclear power generation to ensure reliability and social responsibility.
  • Provide subsidies to support the introduction of hydrogen refueling stations as part of wider efforts to develop a hydrogen-based transport system. Support pilot programs for new hydrogen fuel supply chains.

FY2018 Initial Draft Budget: 299.9 billion yen (2.7 billion US dollars)
FY2017 Supplementary Draft Budget: 7.0 billion yen (64 million US dollars)

  • Continue to strengthen energy security. Specific measures to include the development of a network of emergency gas stations for use by local residents in the event of a major natural disaster, support for earthquake-proofing oil refineries, as well as strengthening the system for maintaining reserves of oil, LPG and other energy sources.

FY2018 Initial Draft Budget 265.3 billion yen (2.4 billion US dollars)
FY2017 Supplementary Draft Budget Draft: 18.0 billion yen (164 million US dollars)

METI FY2018 Initial Budget Request (Chart)

 

FY2018
Initial Budget Request

FY2017
Initial Budget

General Account (excl. energy resources special account)

345.5

342.0

 

SME support

111.0

111.6

Science and technology promotion

105.4

101.0

Other expenses

129.1

129.3

Energy Resources Special Account

779.8

807.4

 

Energy supply and demand

596.6

621.0

Power source development

177.0

179.5

Nuclear damage compensation support

6.1

6.9

Special Account for Patents

155.2

147.2

Total

1,280.5

1,296.6

Reference

Ministry of Economy, Trade and Industry1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8901, Japan Tel: +81-(0)3-3501-1511
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