Japan is aiming to invest approximately ¥1 trillion by 2030 to advance a circular economy focused on recycling key resources such as metals and plastics, according to a government action plan.
The initiative will draw funding from both public and private sectors and is designed to reduce the country’s dependence on imported resources while strengthening economic security.
Chief Cabinet Secretary Minoru Kihara stated that by concentrating policy efforts, Japan intends to establish a competitive strategy in this area.
The plan, which outlines supply targets for various materials by 2030, will be integrated into the government’s core economic policy guidelines and growth strategy.
Under the proposal, about 30% of domestically produced permanent magnets containing rare earth elements should be sourced from recycled materials. It also calls for setting mandatory recycled content levels for plastic products, including PET bottles, by fiscal 2028.
