Japan links industrial policy with economic and national security

01The Story新闻事实

Japan’s latest economic and business measures span vaccine capacity, foreign-investment screening, dual-use technology, defence startups and shipbuilding. Companies are also reshaping supply chains as Japanese firms withdraw from China, while proposed EU local-content rules could affect Japanese electric-vehicle makers. The initiatives show Japan combining resilience, security and industrial competitiveness in its business policy.日本最新的经济与商业措施涵盖疫苗产能、外国投资审查、军民两用技术、国防初创企业和造船业。随着日本企业撤出中国，企业也在重组供应链；欧盟拟议的本地化要求则可能影响日本电动汽车制造商。这些举措显示，日本正将韧性、安全与产业竞争力结合到商业政策中。

Japan’s health ministry is seeking ¥76 billion in fiscal 2027 to support vaccine manufacturers and may establish a long-term funding system.日本厚生劳动省计划在2027财年申请760亿日元，以支持疫苗制造商，并可能建立长期资助体系。
Most foreign-investment pre-screening applications in Japan could move online as early as fiscal 2028, with broader scrutiny of foreign-government involvement and indirect acquisitions.日本大部分外国投资预审申请最早可能在2028财年转为在线办理，同时扩大对外国政府参与和间接收购的审查。
As of June 2026, 10,118 Japanese companies operated in mainland China, down 22% from 2024 and 30% from the 2012 peak.截至2026年6月，在中国大陆经营的日本企业有10,118家，较2024年减少22%，较2012年峰值减少30%。
Between 2024 and 2026, 1,221 Japanese companies entered China while 4,137 withdrew completely.2024年至2026年间，有1,221家日本企业进入中国，4,137家企业完全撤出。
Japan aims to double shipbuilding capacity by 2035; eight projects have been approved with up to ¥311 billion in government support and around ¥900 billion in total public and private investment.日本计划到2035年将造船能力提高一倍；目前已有八个项目获批，政府支持上限为3,110亿日元，公共和私人投资总额约为9,000亿日元。
The Bank of Japan’s climate-related lending program reached ¥24.9 trillion in July, with a ¥50 trillion lending cap.日本银行的气候相关贷款项目在7月达到24.9万亿日元，贷款上限为50万亿日元。

Japan is using public finance, regulation and international networks to strengthen domestic capacity while managing rising economic-security risks.日本正通过公共融资、监管和国际网络增强国内能力，同时应对日益上升的经济安全风险。

024 Dimensions维度分析

Cause因果关系

Resilience through public support通过公共支持增强韧性

The vaccine and shipbuilding initiatives use government funding to preserve or expand strategic industrial capacity. Both programs seek stronger domestic production, but they also face implementation constraints such as workforce shortages and industrial competition.疫苗和造船计划都利用政府资金来维持或扩大战略产业能力。两项计划均旨在强化国内生产，但也面临劳动力短缺和产业竞争等执行限制。

Vaccine support sought拟申请的疫苗支持资金

FY20272027财年76 billion yen

By 2035 plan截至2035年的计划311 billion yen

Japan wants to maintain domestic vaccine production capacity developed during the COVID-19 pandemic.日本希望维持在新冠疫情期间建立的国内疫苗生产能力。
Eight shipbuilding projects have been approved, with around ¥900 billion in combined public and private investment.已有八个造船项目获批，公共和私人投资合计约9,000亿日元。

Future signal前瞻信号

Economic security is entering business regulation经济安全正进入商业监管领域

Japan plans to digitize foreign-investment filings while widening scrutiny of foreign-government involvement, indirect acquisitions and sensitive sectors. It is also placing experts overseas to connect Japanese firms with technology partners and capital.日本计划将外国投资申报数字化，同时扩大对外国政府参与、间接收购及敏感行业的审查。日本还计划在海外派驻专家，帮助日本企业对接技术伙伴和资本。

Most foreign-investment pre-screening filings could move online from as early as FY2028.大部分外国投资预审申报最早可能从2028财年起转为在线办理。
The Foreign Ministry plans to hire dual-use technology experts at around 10 diplomatic missions in the United States and Europe from FY2027.日本外务省计划自2027财年起，在美国和欧洲约10个外交机构聘用军民两用技术专家。

Consequence影响推演

Supply-chain diversification away from China供应链逐步远离中国

Japanese companies are withdrawing from China in record numbers, but many are restructuring rather than fully decoupling. The reported shift includes greater supply-chain diversification toward India, Vietnam, Thailand and other Southeast Asian countries.日本企业正以创纪录的数量撤出中国，但许多企业采取的是重组而非完全脱钩。报道所述转变包括将供应链更多元化至印度、越南、泰国及其他东南亚国家。

Japanese companies operating in mainland China在中国大陆经营的日本企业

June 20262026年6月10,118 companies

2024-20262024年至2026年4,137 companies

2024-20262024年至2026年1,221 companies

The source cites China’s slowing economy, higher labor costs, excess industrial capacity, U.S. tariffs and deteriorating Japan-China relations as factors in the shift.来源称，中国经济放缓、劳动力成本上升、产能过剩、美国关税以及日中关系恶化都是这一转变的因素。

Stakeholder impact利益相关方

External trade rules add pressure on manufacturers外部贸易规则加大制造商压力

A proposed EU Industrial Accelerator Act could require electric vehicles to contain 70% EU-made content and be assembled in the region to qualify for incentives. This may affect Japanese automakers whose European EV sales include vehicles imported from outside the EU.欧盟拟议的《工业加速法》可能要求电动汽车含有70%的欧盟制造内容并在当地组装，才能获得激励措施。这可能影响部分在欧洲销售从欧盟以外进口电动汽车的日本汽车制造商。

Potential EU content requirement拟议的欧盟本地化内容要求

70 percent70百分比

Proposed rule拟议规则

Toyota, Suzuki and Nissan are identified as Japanese automakers that could be affected.丰田、铃木和日产被列为可能受到影响的日本汽车制造商。
The measure is mainly intended to protect European manufacturers from growing Chinese EV competition and could take effect as early as 2028.该措施主要旨在保护欧洲制造商免受日益增长的中国电动汽车竞争影响，最早可能于2028年生效。

03Timeline时间线

2026-09-18 Japan Engine and Kawasaki’s hydrogen-fueled engine for large commercial vessels completed land-based testing.Japan Engine和川崎重工用于大型商用船舶的氢燃料发动机完成陆上测试。
2026-09-22 Japan’s vaccine-production capacity plan was reported.日本维持疫苗生产能力的计划被报道。
2026-09-25 Japan’s plan to move foreign-investment review filings online was reported.日本计划将外国投资审查申报转为在线办理的消息被报道。
2026-09-28 Japan’s Foreign Ministry overseas dual-use technology expert plan and the BOJ climate-lending program were reported.日本外务省海外军民两用技术专家计划及日本银行气候贷款项目被报道。
2026-09-29 The proposed EU local-content rules for electric vehicles were reported.欧盟拟议的电动汽车本地化内容规则被报道。
2026-09-30 Japan’s defence-startup investment agency plan and an international steel-transshipment monitoring framework were reported.日本设立国防初创企业投资机构的计划，以及国际钢铁转运监测框架被报道。

Key takeaway核心结论

Japan’s business policy is increasingly organized around domestic capacity, supply-chain resilience and economic-security screening.日本的商业政策正越来越围绕国内产能、供应链韧性和经济安全审查展开。

04What to Watch后续关注

Whether Japan establishes a long-term funding system for domestic vaccine manufacturers.日本是否会为国内疫苗制造商建立长期资助体系。
How the online foreign-investment review system and expanded scrutiny will be implemented from the targeted fiscal 2028 timeframe.日本计划从2028财年左右实施的在线外国投资审查系统及扩大审查将如何落地。
Whether the EU’s proposed electric-vehicle local-content rules advance and affect production decisions by Japanese automakers.欧盟拟议的电动汽车本地化规则是否推进，以及是否影响日本汽车制造商的生产决策。
Whether Japan’s shipbuilding investment attracts enough private capital and helps address shortages of workers and engineers.日本造船投资能否吸引足够私人资本，并缓解工人和工程师短缺。

05Uncertainties不确定因素

The EU Industrial Accelerator Act is still under consideration, so its final requirements and implementation date are not confirmed.欧盟《工业加速法》仍在考虑之中，其最终要求和实施日期尚未确定。
The source does not specify the final size or structure of the proposed long-term vaccine funding system.来源未说明拟议长期疫苗资助体系的最终规模或结构。
Japan’s shipbuilding expansion faces worker and engineer shortages, lost LNG-carrier expertise and competition from China and South Korea.日本造船业扩张面临工人和工程师短缺、液化天然气运输船技术经验流失，以及来自中国和韩国的竞争。

06Sources信息来源

JAPANESE ECONOMIC AND BUSINESS WEEKLY NEWSLETTER: 19 September - 02 October ,2026 - EIN PresswireJAPANESE ECONOMIC AND BUSINESS WEEKLY NEWSLETTER: 19 September - 02 October ,2026 - EIN Presswire EU Japan Centre · 2026-10-02

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