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2.9. In June 2021, to promote more FDI in Japan, the Japanese Government adopted the "Strategy for Promoting Foreign Direct Investment in Japan" and set its new target of increasing the amount of inward FDI stocks to JPY 80 trillion by 2030. The Strategy was formulated after the onset of the COVID-19 pandemic to incorporate such elements as: (a) changes towards post-COVID-19 economic society (i.e. ensuring a greener and more digitalized society); (...) (i) Creation of a New Digital Green Market and Building of an Innovation Ecosystem; (ii) Acceleration of the Development of Business Environments in Response to Global Environmental Changes; (...)

3.5. Japan has been actively engaged in fishery subsidies negotiations with the view that subsidies that truly result in overfishing and expanding overfishing capacity be regulated. (...)

3.9. With the interest in trade and environmental issues increasing globally, Japan has taken part in the Trade and Environmental Sustainability Structured Discussions (TESSD) since its launch in March 2021. How to deal with environmental issues such as climate change from a trade perspective has been discussed in the TESSD initiative and Japan also provided a proposal on what the WTO can do to help achieve net zero. In December 2021, 70 WTO Members including Japan released the Ministerial Statement on Trade and Environmental Sustainability and adopted the roadmap toward MC13. Along with this roadmap, Japan has been acting as a facilitator for the working group on a more resource-efficient circular economy.

3.10. In November 2021, Japan also joined the Informal Dialogue on Plastics Pollution and Environmentally Sustainable Plastics Trade (IDP).

4.4. (...) In 2021, APEC Economic Leaders adopted the Aotearoa Plan of Action as an annex for implementing APEC Putrajaya Vision 2040, aiming at creating an open, dynamic, resilient and peaceful Asia-Pacific community by 2040 with three drivers of economic growth: trade and investment, innovation and digitisation, and sustainable and inclusive growth.

4.6. In May 2022, the United States hosted a summit-level meeting on the launch of the Indo-Pacific Economic Framework (IPEF), which Prime Minister Kishida, US President Joseph Biden and Indian Prime Minister Narendra Modi attended in person, while summit-level and cabinet-level representatives from 10 other countries attended online. Since its launch, Japan has been fully committed to intensive discussions among the 14 members, which resulted in their consent to issuing ministerial statements on trade, supply chains, clean economy, and fair economy. (...)

4.14. (...) As for economic dialogue between Japan and China, the Japan-China Economic Partnership consultations were held online in November 2020, and there was an extensive exchange of opinions on future issues and cooperation between Japan and China, including (...) the environment and energy conservation, (...) At the Japan-China Foreign Ministers' Meeting held in Tokyo in November, Japan and China agreed to promote cooperation together in fields where both sides have the same interests and direction, such as agricultural trade, travel and tourism, the environment, and energy conservation.(...)

5.4. TICAD8[Tokyo International Conference on African Development] was held in Tunis, Tunisia, on 27 and 28 August 2022. The important initiatives announced by Japan with regard to trade and development are as follows:
1. To launch "Japan's Green Growth Initiative with Africa", where USD 4 billion of public and private financial contribution in total is made;
(...)

6.1. (...) Since the previous Review, earth-shaking structural changes have been occurring in the environment surrounding Japan, driven by the COVID-19 pandemic, Russian Federation's aggression against Ukraine, and climate change. (...)

6.2. (...) Japan set out the Grand Design and Action Plan for a New Form of Capitalism in June 2022. The New Form of Capitalism incorporates efforts to solve social issues into the growth strategy as a source of creating value added, and specifies five focused investment areas: (...)and (iv) Investment in green transformation (GX) and digital transformation (DX). (...)