Beyond Tokyo: Can Japan boost the appeal of its regions?

Reading Time: 4 minutesRegions and cities are being reshaped by falling birth rates, ageing populations and the continued movement of young people to large metropolitan hubs. Japan knows this story well: for more than two decades, over 100,000 people a year have moved to the Tokyo metropolitan area from elsewhere in Japan. The question is no longer how to strengthen Tokyo, but how to strengthen everywhere else?

Putting industrial policy in its place 

Reading Time: 4 minutesAfter years in economic exile, industrial policies are back in a big way. Industrial policy interventions increased 20-fold in the past decade, as governments seek to rebuild competitiveness, support emerging technologies and shore up supply chains. This is true in OECD countries, but also in developing countries which use it more intensively. Many of these are adopting a place-based approach: between 2019-22, regional industrial policy support rose by over 50% as a share of GDP in 11 OECD countries. But why?

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