🇯🇵 HUGE: Japan is making a MASSIVE bet on AI, chips and economic independence.
Tokyo is seeking ¥7.8 TRILLION ($49B) for its Industry Ministry next year, with the bulk aimed at industries Japan increasingly sees as critical to its economic security.
Nearly ¥2 TRILLION alone is being lined up for AI, semiconductors and robotics.
Another ¥680B would go toward securing critical minerals including rare earths, alongside new spending on fuel security and dual-use defense technologies.
PM Sanae Takaichi is targeting ¥370 TRILLION in public and private investment across strategic industries over the next 14 years.