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Outline of the Ministry of Economy, Trade and Industry (METI) FY2019 Budget Request

Ministry of Economy, Trade and Industry

  • METI aims to promote integrated industrial, trade and regional policies, and establish foundational economic and social systems and energy policies to support them.
  • METI's FY2019 budget request amounts to approximately 1.4 trillion yen (12.4 billion USD).
  • Following coordination with the Ministry of Finance (MOF) and Cabinet approval of the draft budget, the Diet will begin deliberations.

1. Realize Society 5.0 through open innovation centered on data

117.4 billion yen (1.04 billion USD)

2. Implement new “rule-based” trade strategies

33.9 billion yen (300 million USD)

3. Create new development models for SMEs and regional areas

168.1 billion yen (1.49 billion USD)

4. Shift toward new energy sources to create virtuous cycles for growth and the environment

830.6 billion yen (7.35 billion USD)

5. Build a new economic and social system that is both equitable and primed for growth

9.1 billion yen (81 million USD)

Reference