Japan Aims To Double Foreign Investment By 2030

Japan has set a target of doubling foreign investment by 2030 to JPY80 trillion (US$531.8 billion).

The target was announced by the Ministry of Foreign Affairs on 24 January and will be measured in foreign direct investment (FDI) stocks, meaning the value of the equity in and net loans to Japanese companies by foreign investors.

The ambitious goal follows the success of the Ministry’s Japan Revitalizing Policy 2013 which also set a target of doubling FDI stocks and was realised in 2020 when the value of those investments reached JPY35 trillion (US$327.8 billion in 2020 dollars).

If the 2030 target is met, the value of FDI stocks will account for an estimated 12% of Japan’s GDP.

The new goal comes amid recent increased foreign investment in Japanese accommodations, offices and even warehouses and logistics facilities as international investors seek a safe haven while China and many other regions in the world experience political or economic instability.

Japan is currently considering relaxing residency rules for foreign entrepreneurs, lowering the investment and staffing thresholds to allow more small enterprises to get started.

And, in an appeal to high net worth individuals, Japan has already eased entry requirements for private jets and even begun collaborating with local ports so large yachts can be accommodated.

Japan also has set a goal of increasing annual tourist arrivals to 60 million by 2030, an almost doubling of current figures.

Image:
David Kernan (photo has been cropped)

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