New Municipality Joins the Support Program for Regional Foreign Direct Investment in Japan (Kyoto Prefecture)
- A program that supports various regions of Japan in attracting companies from overseas -
November 13, 2019
The Ministry of Economy, Trade and Industry (METI) and the Japan External Trade Organization (JETRO) have been advancing the Support Program for Regional Foreign Direct Investment in Japan (hereinafter referred to as the “support program”) to support municipalities that intend to make active efforts to attract overseas companies by uniting the efforts of all ministries and agencies of the government. METI hereby announces that METI and JETRO newly selected Kyoto Prefecture as a municipality to be supported under the support program.
Exercising leadership, METI and JETRO, in collaboration with the selected prefecture, will formulate strategies for attracting overseas companies to the region by taking advantage of the region’s strengths and utilizing them to the maximum extent possible and will support the region’s specific activities for attracting overseas companies in accordance with the strategies. Through these efforts, METI and JETRO will encourage overseas companies to directly invest in the various regions of Japan.
1. Outline of the support program
It is effective for municipalities of Japan that intend to attract overseas companies to their regions to identify their strengths, such as unique industrial clusters, agriculture, forestry and fishery products and tourism resources, and to connect these strengths with sales channels, technologies, human resources and know-how of companies from overseas.
In May 2018, the Council for Promotion of Foreign Direct Investment in Japan, a body organized by the government, held a meeting and decided to implement the support program (secretariat: METI and JETRO), aiming to advance efforts to attract overseas companies to regional areas of Japan in a strategic manner by taking advantage of the uniqueness of such areas; and, to this end, support municipalities in developing their strategies and encourage them to effectively make use of related measures and advance specific activities for attracting overseas companies in accordance with the strategies by uniting the efforts of all ministries and agencies of the government. METI and JETRO have selected 27 successful municipalities to be supported under the support program so far and they supported the selected municipalities in formulating strategies that take advantage of regional strengths and in advancing specific activities for attracting companies from overseas.
2. Outline of Kyoto Prefecture as the successful municipality
In April 2019, Kyoto Prefecture launched the Kyoto Overseas Business Center as a hub for supporting Japanese companies in overseas business development and a hub for attracting overseas companies to Kyoto under the framework of All-Kyoto initiatives. Since then, the prefecture has been proactively advancing such efforts.
Taking advantage of the support program, the prefecture will deploy strategic activities for attracting overseas companies in the field of tourism, with the ultimate goal of attracting greater numbers of overseas tourist, targeting foreign-invested hotels, travel agencies, travel-tech companies and other overseas companies as efforts to increase services to address the recent influx of overseas tourists to Kyoto. Through these activities, the prefecture will strive to attract more overseas tourists to various areas of the prefecture and to encourage such overseas tourists to visit every corner of the region in a decentralized manner. Moreover, the prefecture will endeavor to promote efforts to attract more overseas companies to the region in the field of smart cities, (e.g., AI, IoT, robotics and mobility), taking advantage of the wide range of networks among clusters of research and development institutes in the Kansai Science City (commonly called “Keihanna Science City”); Kyoto Smart City Expo, annual international conference on smart cities; and other opportunities.
- Selected municipalities under the first round of the call for applicants for the support program (press release on October 4, 2018)
- Selected municipality under the second round of the call for applicants for the support program (press release on April 16, 2019)
- Selected municipalities under the third round of the call for applicants for the support program (press release on October 30, 2019)
Division in Charge
Investment Facilitation Division, Trade and Economic Cooperation Bureau