The Japanese government has drawn up a plan to more than double foreign direct investment in the country by 2030 to 120 trillion yen, or roughly 840 billion dollars.

The goal is to attract additional foreign firms into setting up plants and bases in Japan to counter a falling population.

The plan was compiled on Monday at a meeting attended by senior ministry officials, including Economic Revitalization Minister Akazawa Ryosei.

He said during the meeting that Japan, which faces a declining population, must secure inbound direct investment to ensure a transition to a growth-oriented economy.

The government plans to support foreign firms’ capital investments in key sectors such as semiconductors and artificial intelligence.

To attract foreign businesses to Japan, the government also plans to review resident status for foreign nationals. This will help secure highly skilled workers in IT and other sectors from India and Southeast Asian nations.

It hopes to have results from the review by the end of the current fiscal year.

https://www3.nhk.or.jp/nhkworld/en/news/20250603_B1/