Japan calls for public-private cooperation on economic security
Kimi Onoda calls for closer government and business cooperation to identify infrastructure weaknesses continuously and strengthen response capabilities.
- Japan's economic security minister has called for stronger cooperation between the government and private businesses to bolster the nation's economic security.
- The collaboration aims to secure Japan's position in global supply chains for critical materials by identifying and addressing weaknesses in industrial infrastructure.
- A revised economic security law enables the government to provide state support for key services, including satellite launches, to facilitate this partnership.
- The initiative will focus on attracting domestic investment and talent in advanced fields such as artificial intelligence and semiconductors.
Japan aims to retain its key position in global supply chains for critical materials through government support for related services, economic security minister Kimi Onoda told a Tokyo symposium on Wednesday (November 4).
The revised economic security promotion law was enacted in June and allows such services, including satellite launches, to receive state backing, she explained.
Support will cover activities from upstream to downstream.
Stronger government and business cooperation was also needed to bolster Japan’s economic security, Onoda told the Economic Security Exhibition & Conference, hosted by Jiji Press.
Both sectors should keep looking for weaknesses in industrial and social infrastructure and make timely improvements to their response capabilities, she said.
Artificial intelligence and semiconductors were among the advanced fields cited by Prime Minister Sanae Takaichi in a video message to the event.
She said the government would use bold policies in those areas to attract domestic investment and talent.
[Copyright The Jiji Press, Ltd.]
