Ministry of Economy, Trade and Industry

Article

January 18, 2022

The Ministry of Economy, Trade and Industry (METI) is one of the administrative agencies in Japan. It has jurisdiction over the administration of economic and industrial development and the supply of mineral and energy resources. The Japanese abbreviation is Ministry of Economy, Trade and Industry.

Overview

The mission stipulated in Article 3 of the Ministry of Economy, Trade and Industry Establishment Law is "Development of economy and industry centered on improvement of economic vitality of the private sector and smooth development of foreign economic relations, and stable and efficient mineral resources and energy resources. In order to achieve "securing supply", it is in charge of macroeconomic policy, industrial policy, trade policy, trade management work, industrial technology policy, distribution policy, energy policy, etc. From May 25, 1949 (Showa 24) to January 5, 2001 (2001) Ministry of International Trade and Industry (English: Ministry of International Trade and Industry, abbreviation: MITI, Japan The abbreviation: Ministry of International Trade and Industry (Tsusansho) was established, but due to the reorganization of central government ministries and agencies on January 6, 2001, the Ministry of International Trade and Industry was reorganized and renamed, and the Ministry of Economy, Trade and Industry was established. rice field. In the past, the predecessor Ministry of International Trade and Industry was regarded as the driving force behind the Japanese economy or the "Economic General Staff Headquarters", which is the general command tower of "Japan Inc.", that is, high economic growth. The name was widely known as a synonym for the excellence of Japanese bureaucrats, as it was called "Notorious MITI" or "Mighty MITI" in other countries. Making full use of the licenses and administrative guidance that he has, he was mainly in charge of industrial policy with the sources of power such as allocation loans (fiscal investment loans), budget allowances, and subsidies of government-affiliated financial institutions. In addition to that, he held a wide range of authority such as science and technology research and development, trade, patents, energy policy, and small and medium-sized enterprise policy in response to technological innovation, and in fact sent multiple members to the Bank of Japan Policy Committee. He was also involved in monetary policy. However, after the period of high economic miracle in Japan, although it retains a wide range of authority, it cannot inevitably become a one-off policy idea because it cannot administer licenses and subsidies compared to other ministries and agencies. .. Every year from May to June, various new policy ad balloons are launched. For this reason, the Ministry of Finance is still a "general government agency" that is widely involved in policy making through fiscal policy, budget assessment, and taxation, while the Ministry of Economy, Trade and Industry is an "administrative department store" that has jurisdiction over most industries. It is described as a "limited general government office". Some mid-career bureaucrats selected from the Ministry of Economy, Trade and Industry (Ministry of International Trade and Industry) are based in Japan External Trade Organizations in other countries and are engaged in various research affairs as industrial investigators. The Ministry of Economy, Trade and Industry (Ministry of International Trade and Industry) has also supported a free spirit and a lot of interaction with the industry, and has produced a large number of human resources in the business world such as the business world. On the other hand, during the Ministry of International Trade and Industry, it was said to be a "government office that could not send out politicians." Was conspicuous, and was inferior to those from the Ministry of Finance and the former Ministry of Home Affairs. However, since the 1980s, young trade bureaucrats have entered the political world one after another, and in the current Diet, it has become a major force that transcends partisanship. In addition, since Morihiko Hiramatsu, the governor of Oita Prefecture (in office from 1979 to 2003), the number of prefectural governors from the Ministry of Internal Affairs and Communications (Ministry of Internal Affairs and Communications) has gradually increased, and many governors have traditionally been appointed as the former Ministry of Home Affairs. It has become a force next to the Ministry of Internal Affairs and Communications (Ministry of Home Affairs) that has produced it, and in July 2020.

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