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

15 certainly harmful

1 likely harmful

0 liberalising

List of interventions

Implementation date

28 Jan 2021

Revocation date:

31 Mar 2021

Announced: 28 Jan 2021
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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Announced: 28 Jan 2021
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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Announced: 28 Jan 2021
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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Announced: 28 Jan 2021
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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Announced: 28 Jan 2021
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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Announced: 28 Jan 2021
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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Announced: 28 Jan 2021
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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Announced: 28 Jan 2021
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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Announced: 28 Jan 2021
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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Announced: 28 Jan 2021
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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Announced: 28 Jan 2021
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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Announced: 28 Jan 2021
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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Announced: 28 Jan 2021
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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Announced: 28 Jan 2021
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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Implementation date

28 Jan 2021

Revocation date:

No revocation date

Announced: 28 Jan 2021
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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Implementation date

No implementation date

Revocation date:

No revocation date

Clarification: 23 Dec 2022
Financial grant
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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Related State Acts

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Japan: NEDO launched the "Hydrogen Production by Water Electrolysis Utilising Electricity from Renewable Energy Sources" project under the Green Innovation Fund

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Announced: 19 Dec 2022

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Announced: 19 Jul 2022

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Announced: 19 Jul 2022

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Announced: 31 May 2022

Japan: METI announces a support program to mitigate oil price fluctuations under fiscal year 2022 supplementary budget (May 2022)

Announced: 13 May 2022

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Announced: 19 Apr 2022

Japan: NEDO allocates USD 1.2 billion for the development of next-generation batteries and motors under the Green Innovation Fund

Announced: 19 Apr 2022

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Announced: 25 Feb 2022

Japan: NEDO allocates USD 1.2 billion for the development of new digital infrastructure

Announced: 18 Feb 2022

Japan: NEDO allocates USD 1 billion for the development of raw material manufacturing technology using CO2

Announced: 28 Jan 2022

Japan: NEDO allocates USD 477 million for the development of carbon reduction technology in the concrete and cement production

Announced: 21 Jan 2022

Japan: NEDO allocates USD 1 billion for the development of new offshore wind power generation technology

Announced: 07 Jan 2022

Japan: NEDO allocates USD 1.7 billion for the development of hydrogen utilisation in the iron and steel manufacturing process

Announced: 07 Jan 2022

Japan: NEDO allocates USD 517 million for the development of the fuel ammonia supply chain

Announced: 28 Dec 2021

Japan: NEDO allocates USD 174 million for the development of PV cells

Announced: 20 Dec 2021

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

Announced: 05 Nov 2021

Japan: NEDO allocates USD 17 billion for R&D project for the next-generation aircraft

Announced: 18 May 2021

Japan: METI announces new funds to promote a large-scale hydrogen supply chain

Announced: 08 Dec 2020

Japan: Government announces new economic package in the context of the COVID-19 pandemic (December 2020)

Removed: 31 Mar 2021

Japan: METI announces additional support to companies during the 2020 fiscal year in the context of the COVID-19 pandemic (June 2020)

Removed: 31 Mar 2021

Japan: Ministry of Economy, Trade and Industry announces several economic measures during the 2020 fiscal year in the context of the COVID-19 pandemic (April 2020)

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