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Explore our latest reports and pieces
Explore our latest reports and pieces
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Latest update: 4 May 2026; 4:00 pm CET

PM Takaichi has revived explicit state-led industrial strategy in Japan. Her Cabinet designated new priority sectors in November 2025 which will receive enhanced government support. Since then, nuclear energy, semiconductors and AI have been subject to the largest concrete efforts. This shift comes at the expense of green transformation programmes and broad-based support for SMEs. The rulebook for channelling resources to the remaining sectors is already being written.

This briefing and accompanying technical annex examines the independent effects of fuel price levels and volatility on world trade volume growth, using 314 monthly observations from the CPB World Trade Monitor spanning January 2000 to February 2026.


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