Global Trade Alert
Global Trade Alert

Japan: METI announces economic support schemes under the 2021 fiscal year supplementary budget (December 2021)

Announcement

20 Dec 2021

In December 2021, the budget for the 2021 fiscal year of the Ministry of Economy, Trade and Industry was amended, introducing several measures to support the economy in the context of the COVID-19 pandemic.

Source

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Number of interventions

27

27 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

21 Dec 2021

Revocation date:

31 Mar 2022

Announced: 20 Dec 2021
Interest payment subsidy
On 21 December 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 30 billion (USD 261 million) to support the producers of marine products in light of reputational damage. Among ...
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Implementation date

20 Dec 2021

Revocation date:

31 Mar 2022

Announced: 20 Dec 2021
Financial grant
On 20 December 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 2.9 billion (USD 25.23 million) in financial grants to support the installation of natural gas utilisation equip...
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Announced: 20 Dec 2021
Financial grant
On 20 December 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 1.27 billion (USD 11.05 million) in financial grants to industrial water utilities. The measure is financed with...
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Announced: 20 Dec 2021
Financial grant
On 21 December 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 30 billion (USD 261 million) to support the producers of marine products in light of reputational damage. Among ...
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Announced: 20 Dec 2021
State aid, unspecified
On 20 December 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 125 billion (USD 1.09 billion) to support research and development in advanced technologies (artificial Intellig...
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Announced: 20 Dec 2021
Financial grant
On 20 December 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 47 billion (USD 408.9 million) to support the decarbonisation and renovation of semiconductor production facilit...
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Announced: 20 Dec 2021
Financial grant
On 20 December 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 110 billion (USD 957 million) for investment in research and development of 5G-related technology. The measure i...
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Announced: 20 Dec 2021
Financial grant
On 20 December 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 617 billion (USD 5.37 billion) to invest in the domestic manufacturing of semiconductors. The measure is finance...
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Announced: 20 Dec 2021
Financial grant
On 20 December 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 7.1 billion (USD 61.77 million) in support of regional data centres' development. The measure is financed with t...
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Announced: 20 Dec 2021
Financial grant
On 20 December 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 200.1 billion (USD 1.74 billion) for the SME Productivity Revolution Promotion scheme. The measure is financed w...
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Announced: 20 Dec 2021
Financial grant
On 20 December 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 612.3 billion (USD 5.33 billion) to support the business restructuring of small and medium-sized enterprises (SM...
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Announced: 20 Dec 2021
Financial grant
On 20 December 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 4.6 billion (USD 40.02 million) to the "Resource Recycling Advancement Project for Waste Plastic". The scheme wi...
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Announced: 20 Dec 2021
Financial assistance in foreign market
On 20 December 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 5 billion (USD 43.5 million) to support Japanese firms' projects in other Asian countries (particularly the "AS...
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Announced: 20 Dec 2021
Financial grant
On 20 December 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 2.95 billion (USD 25.66 million) for the regional microgrid construction project. The measure is financed with t...
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Announced: 20 Dec 2021
Financial grant
On 20 December 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 7 billion (USD 60.9 million) to support the production of hydrogen and fuel ammonia. Financial support will be a...
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Announced: 20 Dec 2021
Financial grant
On 20 December 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 2 billion (USD 17.4 million) to support the development of nuclear energy. Financial support will be accessible ...
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Announced: 20 Dec 2021
Financial grant
On 20 December 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 13 billion (USD 113.1 million) to incentivise companies to introduce large-scale storage batteries and water ele...
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Announced: 20 Dec 2021
Financial grant
On 20 December 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 18 billion (USD 156.6 million) to finance the purchase of equipment to ensure a stable fuel supply. Financial su...
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Announced: 20 Dec 2021
Financial grant
On 20 December 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 100 billion (USD 870 million) for the support of domestic production of storage batteries and the relevant mater...
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Announced: 20 Dec 2021
State aid, unspecified
On 20 December 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 50 billion (USD 435 million) to support research, development and commercialisation of pharmaceutical goods. Fin...
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Announced: 20 Dec 2021
Financial grant
On 20 December 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 227.38 billion (USD 1.98 billion) to support the local biopharmaceutical industry. The measure is financed with ...
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Announced: 20 Dec 2021
Other export incentive
On 20 December 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 55.65 billion (USD 484.15 million) for the support of the overseas expansion of Japanese media content, includin...
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Announced: 20 Dec 2021
Financial grant
On 20 December 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 10 billion (approximately USD 87 million) to subsidise the introduction of energy-saving equipment among local b...
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Announced: 20 Dec 2021
Equity stake
On 20 December 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 75.74 billion (USD 658.94 million) for supporting the "business restructuring and revitalisation" of companies a...
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Announced: 20 Dec 2021
State loan
On 20 December 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 140.3 billion (USD 1.12 billion) for funding small and medium-sized enterprises (SMEs) affected by the Covid-19 ...
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Announced: 20 Dec 2021
Financial grant
On 20 December 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 2'803 billion (USD 22.42 billion) for "Business Revival Support" of the companies affected by the Covid-19 pande...
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Implementation date

20 Dec 2021

Revocation date:

31 Mar 2023

Announced: 20 Dec 2021
Financial grant
On 20 December 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 6.1 billion (USD 53.07 million) to support the decarbonisation efforts of the "basic material industry". Financi...
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