METI to extend financial support for overseas tendering

The Ministry of Economy, Trade and Industry (METI) will extend its financial support to Japanese construction companies participating in tenders overseas, Nikkei reports. The support is part of the Japanese government’s drive to increase so-called ‘infrastructural exports’ in the coming years. The move is prompted by the increase in ‘Design-Build’ tenders, where design and construction of publicly offered projects are combined.

Political Highlights

Japan is a constitutional monarchy with a parliamentary government. The Emperor does not have any political power and is chiefly the symbol of the state. The Japanese Parliament is called the Diet. It consists of the House of Representatives (480 seats) and the House of Councillors (242 seats). The Cabinet is headed by the Prime Minister, who appoints its members. These are usually members of the Diet, which in turn elect the Prime Minister.

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