In recent years, Japan has established initiatives centred on the advancement of innovation in response to increasing global competition and the growth of emerging countries.
Although the Chubu area only comprises about 10% of the national area in geographical terms, it accounts for 20% of the nationwide share in shipments of manufactured goods and is a catalyst driving Japanese economy with its manufacturing base.
Since the early 2000s, the Japanese Ministry of Education, Culture, Sport, Science and Technology (MEXT) and the Ministry of Economy, Trade and Industry (METI) have been promoting the “Knowledge Cluster Initiative” and the “Industrial Cluster Project” as a means to re
in May 2015, METI published revised guidelines for the Special R&D costs Tax credit scheme, necessitated by the tax reforms of the Abe government in April 2015. The Special R&D costs Tax Reduction scheme is one of the R&D tax credit schemes where it is possible to cut part of the costs for experimental research.
In 2015, in order to promote open innovation in enterprises, the Abe Tax Reforms introduced a number of enlargements in this programme: