Japan Eyes 45 T. Yen in Infrastructure Exports in 2030

The Japanese government Tuesday released a new export strategy featuring a goal of receiving foreign infrastructure orders worth 45 trillion yen in 2030.

By capturing demand related to social changes, such as decarbonization, Japan hopes to receive more orders than the 2025 target of 34 trillion yen.

Japan's overseas infrastructure orders stood at 31 trillion yen in 2022, up about 60 pct from 2014.

Still, the country has not sufficiently incorporated the needs of partner countries, the strategy said.

The government hopes to actively promote infrastructure projects leveraging Japan's strengths, including financial support such as that through the official development assistance program.

The government also said it will strengthen cooperation with Global South developing and emerging countries while boosting public financial support to beef up the supply chains of goods crucial to economic security.

For decarbonization efforts, Japan will focus on the Asia Zero Emission Community framework.

The strategy also envisions assistance to countries hoping to develop energy transition road maps and the launch of demonstration test projects for technologies related to hydrogen and ammonia. Tokyo will also aid Japanese companies taking part in overseas nuclear power projects.

"Top-level efforts are especially important for Japan to be selected by partner countries and earn money abroad," Prime Minister Shigeru Ishiba said, showing an eagerness to help Japanese companies win foreign infrastructure orders.

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