China News Service, July 14th, according to Japan’s Oriental New Daily, the Japanese government decided on the 14th that it will build a “Japanese version of Silicon Valley” in the four metropolitan areas of Tokyo, Nagoya, Osaka, and Fukuoka, and attract overseas investment in these areas. Provide financial support and preferential policies for talents.
According to reports, in order to create a region that gathers a large number of start-ups like Silicon Valley in the United States, and cultivate large IT enterprises such as Google and Apple that can promote the national economic development, the Japanese government implemented this plan called "Global Base City".
According to reports, the above-mentioned 4 regions were selected from 17 regions interested in participating in the plan. Initially, only 2 to 3 cities were planned. Later, because the number of candidate cities exceeded expectations, they were increased to 4 metropolitan areas.
These areas include: the Tokyo metropolitan area centered on Tokyo, including the surrounding areas of Tokyo such as Yokohama City and Tsukuba City; the Central Metropolitan Area including Nagoya City and Hamamatsu City in Aichi Prefecture; including Osaka City, Kyoto City, Kobe Kansai metropolitan area including the city; Fukuoka city in the Kyushu region.
According to reports, in the next three years, the Japanese government will focus on supporting these four regions, provide priority subsidies for economic groups and research institutions, and significantly relax relevant policy restrictions to help all regions attract overseas investment and talent.
Allegedly, the Japanese government hopes that through this plan, at least 5 unicorn companies (unlisted companies with a business start-up period of less than 10 years and an enterprise value of more than US$1 billion) will be cultivated in each metropolitan area.