Japan Education Min. Eyes Record 8.7 T. Yen in FY '27 Budget
Tokyo, Aug. 25 (Jiji Press)--Japan's education ministry Tuesday unveiled a policy of seeking a record 8,775 billion yen under the government's general-account budget for fiscal 2027 to focus on developing human resources in growth fields, including artificial intelligence and semiconductors. The figure represents an increase of 49.2 pct from the previous year. The ministry presented the pol...
Tokyo, August 25 - The Japanese education ministry has announced plans to seek a record-breaking 8.775 trillion yen in the government's general-account budget for fiscal year 2027. This represents a 49.2% increase compared to the previous year's allocation. The focus of the budget is on developing human resources in growth sectors, such as artificial intelligence and semiconductors.
The ministry revealed these figures during a meeting of the Liberal Democratic Party's Education, Culture, Sports, Science and Technology Division. In an effort to strengthen the country's research capabilities, the ministry plans to double its request for Grants-in-Aid for Scientific Research (KAKENHI) from the previous year to 455.2 billion yen. Additionally, support for young researchers will be increased.
The ministry intends to submit a request for educational reforms at public high schools, with a particular emphasis on fostering science and engineering talent. Although a specific amount has not been disclosed, the focus is on reskilling initiatives in growth fields. A new subsidy program will be introduced for universities that develop educational programs aimed at these fields.
The request for operating grants to national universities is anticipated to rise significantly to 1.2512 trillion yen, aimed at addressing the challenges posed by rising prices and labor costs.
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