Japan just put a number on its ambitions, and it’s a big one. The country plans to mobilize 370 trillion yen, roughly $2.3 trillion, in combined public and private investment by fiscal year 2040.
The strategy, announced by Prime Minister Sanae Takaichi on June 20, spans 17 strategic sectors. Think AI, semiconductors, space development, shipbuilding, and critical minerals.
The numbers behind the strategy
Two sub-targets stand out from the broader $2.3 trillion figure.
First, Japan wants to increase domestic semiconductor sales fivefold, bringing them to approximately $254 billion by 2040.
