The Ministry of Economy, Trade and Industry ( 経済産業省 , Keizai-sangyō-shō ) , METI for short, is a ministry of the Government of Japan . It was created by the 2001 Central Government Reform when the Ministry of International Trade and Industry (MITI) merged with agencies from other ministries related to economic activities, such as the Economic Planning Agency .
10-811: Japan Character Awards ( 日本キャラクター大賞 , Japan Character Awards ) were established in 2009 to celebrate the best licensed brands and characters in Japan. The ceremony is organized by the Character Brand Licensing Association and supported by Japan’s Ministry of Economy, Trade and Industry . Ministry of Economy, Trade and Industry METI has jurisdiction over a broad policy area, containing Japan's industrial/trade policies, energy security , control of arms exports, " Cool Japan ", etc. The Ministry has its headquarters in Kasumigaseki , Chiyoda Ward , Tokyo . Its current head
20-566: A wide range of authority in areas such as science and technology research and development , trade , patents , energy policy , and small and medium enterprise policy according to technological innovation . It was also involved in monetary policy . However, after Japan's period of high economic growth ended, one-off policy ideas were inevitably created because, despite having a wide range of authority, they were unable to administer licensing and subsidies compared to other ministries and agencies such as "operational government agencies", it became
30-695: Is Yoji Muto, who was appointed minister by Prime Minister Shigeru Ishiba in October 2024. The mission stipulated in Article 3 of the Act for the Establishment of the Ministry of Economy, Trade and Industry (Act No. 99 of 1999) is to "enhance the economic vitality of the private sector and develop economic and industrial development centered on the smooth development of foreign economic relations, as well as
40-627: Is described as a "limited general government office". METI is organized into the following bureaus, offices, departments and 3 agencies ( Agency for Natural Resources and Energy , Small and Medium Enterprise Agency, Japan Patent Office ): In July 2019, restrictions were taken on the export of semiconductor components without any consultation with South Korea . 35°40′19″N 139°45′04″E / 35.672°N 139.751°E / 35.672; 139.751 Agency for Natural Resources and Energy The Agency for Natural Resources and Energy ( 資源エネルギー庁 , Shigen-enerugī-chō , ANRE ) ,
50-454: Is part of the Ministry of Economy, Trade and Industry (METI). It is responsible for Japan 's policies regarding energy and natural resources. Established in 1973, the 1973 oil crisis became the agency's first challenge. The rising price of fuel oil , and a lack of indigenous supplies, led the agency to promote independent energy development and supply source diversification, in addition to
60-526: The Japan External Trade Organization in foreign countries and are engaged in various research work as industrial investigators. Since many of the industrial policies initiated by METI, such as the nuclear fuel cycle program and the 5th generation computer program and software development program ("Sigma Plan"), have failed, the ministry is not highly regarded or trusted in Japan in the 21st century. The Ministry's predecessor,
70-407: The Ministry of International Trade and Industry , was in operation from 25 May 1949 to 5 January 2001. However, due to the reorganisation of central government ministries and agencies on 6 January 2001, the Ministry of Economy, Trade and Industry was established by reorganising and renaming the Ministry of International Trade and Industry. In the past, the Ministry of International Trade and Industry
80-412: The main one. Ad balloons for various new policies are launched around May and June every year. For this reason, while the Ministry of Finance is still a "general government agency" that is widely involved in decision-making through fiscal policy, budget assessments, and taxation, the Ministry of Economy, Trade and Industry is an "administrative department store" that has jurisdiction over most industries. It
90-425: The stable and efficient development of mineral and energy resources ." In order to achieve the goal of ensuring supply, it has jurisdiction over macroeconomic policies , industrial policies , trade policies , trade control operations, industrial technology policies, distribution policies, and energy policies. Some middle-ranking bureaucrats selected from the Ministry of Economy, Trade and Industry are based in
100-519: Was regarded as the driving force behind high economic growth as the "Economic General Staff Headquarters", the general control centre of the Japanese economy or Japan Inc. It made full use of the licences and administrative guidance that it possessed, and was mainly in charge of industrial policy, using allocated loans (FILP) from government-affiliated financial institutions , budget allowances , and subsidies as sources of power. In addition, it held
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