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Cabinet Decides Basic Plan for Small Enterprise Promotion (Second Version)

June 18, 2019

The Basic Act for Promoting Small Enterprises stipulates that the government of Japan should formulate a Basic Plan for the Promotion of Small Enterprises.

Under the Act, the government is required to revise the plan almost every five years in light of changes in social situations. The Small and Medium Enterprise Agency (SMEA) hereby announces that the government has revised the plan for the first time.

1. Outline of the plan

In October 2014, under the Basic Act for Promoting Small Enterprises, the government stipulated the Basic Plan for the Promotion of Small Enterprises to facilitate measures for promoting the businesses of small enterprises in a comprehensive and systematic manner.

In light of changes in social situations surrounding small enterprises and other elements, the government revised the existing plan and formulated the second version of the plan.

2. Key points of the revision

In recent years, small enterprises have been facing changes in social situations, as seen in the diversified types of business owners, e.g., freelancers, brought about by the development of IT tools and the advancement of the working style reform, an increase in employees engaging in side jobs and the highly-frequent occurrence of large-scale disasters. In light of this situation, the government revised the plan by adding two priority measures to the existing four goals and ten priority measures: [i] supporting diversified small enterprises, such as freelancers; and [ii] consolidating small enterprises’ ability to address risks in business continuity.

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Small Enterprise Division, Small and Medium Enterprise Agency