Japan to increase annual infrastructure exports target to 45tn yen by 2030

TOKYO: The Japanese government has decided to increase the country's annual infrastructure exports to 45 trillion yen (approximately $286 billion) by 2030 to enhance supply chains in the energy and food sectors.

On Tuesday, the government released a new export strategy, setting a target of 34 trillion yen for 2025.

Japan's overseas infrastructure orders stood at 31 trillion yen in 2022, an increase of about 60% from 2014.

The strategy will support Japanese companies in expanding infrastructure exports in key economic security areas such as energy and food, as the country remains overly dependent on imports for these critical resources.

"I hope the government continues to work strongly as one towards further advancements," Prime Minister Shigeru Ishiba said at a meeting held at his office.

By RSS/Xinhua