Global Trade Alert
Global Trade Alert

Japan: METI publishes additional support measures to companies during the 2020 fiscal year in the context of the COVID-19 pandemic (January 2021)

Announcement

28 Jan 2021

In January 2021, the budget for the 2020 fiscal year of the Ministry of Economy, Trade and Industry was amended for a third time, increasing the budget and introducing new several measures to support the economy in the context of the COVID-19 pandemic.

Source

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Number of interventions

16

16 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

28 Jan 2021

Revocation date:

No revocation date

Financial grant

On 28 January 2021, the Ministry of Economy, Trade and Industry (METI) of Japan allocated JPY 90 billion (USD 862.7 million) to the "Post-5G Information Communication System Infrastructure Strengtheni...

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Other export incentive

On 28 January 2021, the Ministry of Economy, Trade and Industry (METI) of Japan allocated an additional budget of JPY 40.1 billion (USD 384.7 million) for the "Content Global Demand Creation Promotion...

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Financial grant

On 28 January 2021, the Ministry of Economy, Trade and Industry (METI) of Japan allocated JPY 4.7 billion (USD 44.6 million) to the financial grant scheme for promoting the introduction of high-effici...

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Financial grant

On 28 January 2021, the Ministry of Economy, Trade and Industry (METI) of Japan allocated JPY 3.8 billion (USD 36 million) to the "Compensation System Project for Promoting the Introduction of Advance...

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Financial grant

On 28 January 2021, the Ministry of Economy, Trade and Industry (METI) of Japan allocated JPY 2.8 billion (USD 26.4 million) to the "Investigative Research Project for Integrated Regional Development ...

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In-kind grant In force

On 28 January 2021, the Ministry of Economy, Trade and Industry (METI) of Japan allocated JPY 1.5 billion (USD 14.4 million) to the "Bio-Derived Production Technology Development Project". The project...

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Interest payment subsidy

On 28 January 2021, the Ministry of Economy, Trade and Industry (METI) of Japan allocated an additional budget of JPY 1.9 trillion (USD 18.2 billion) for the interest payment subsidy scheme to support...

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State loan

On 28 January 2021, the Ministry of Economy, Trade and Industry (METI) of Japan allocated an additional budget of JPY 18.6 billion (USD 178.3 million) for the subsidised and interest-free loans provid...

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Financial grant

On 28 January 2021, the Ministry of Economy, Trade and Industry (METI) of Japan allocated JPY 1.1 trillion (USD 11 billion) to a new sub-component for SMEs under the "Business Resource Transfer/ Busin...

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Financial grant

On 28 January 2021, the Ministry of Economy, Trade and Industry of Japan (METI) of Japan allocated an additional budget of JPY 5.6 billion (USD 54.3 million) to the "Business Resource Transfer/ Busine...

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Financial grant

On 28 January 2021, the Ministry of Economy, Trade and Industry of Japan (METI) of Japan allocated an additional budget of JPY 210.8 billion (USD 2 billion) to the "Domestic Investment Promotion Proje...

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Financial assistance in foreign market

On 28 January 2021, the Ministry of Economy, Trade and Industry of Japan (METI) of Japan allocated an additional budget of JPY 11.7 billion (USD 111.9 million) to the "Overseas Supply Chain Diversific...

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Financial grant

On 28 January 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 4.9 billion (USD 47 million) for a financial grant scheme to support the oil industry in implementing resiliency ...

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In-kind grant

On 28 January 2021, the Ministry of Economy, Trade and Industry of Japan allocated JPY 11.9 billion (USD 114.3 million) for the development of an open quantum computing base. The scheme was issued in ...

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Other export incentive

On 28 January 2021, the Ministry of Economy, Trade and Industry (METI) of Japan allocated JPY 5.45 billion (USD 52.2 million) to another scheme to promote the creation of global demand for Japanese co...

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Financial grant In force

On 28 January 2021, the Ministry of Economy, Trade and Industry (METI) of Japan allocated JPY 2 trillion (USD 19.2 billion) for the "Green Innovation Fund". The funds will be managed by New Energy and...

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