Institute of Science Tokyo to be second recipient of ¥10 trillion fund

A government expert panel has recommended the Institute of Science Tokyo as a candidate for designation as a University for International Research Excellence in a report released on Friday. This status would make it eligible for aid from a ¥10 trillion Japanese government fund supporting universities. Currently, Tohoku University is the only institution with this recognition.

An expert panel established by Japan's Ministry of Education, Culture, Sports, Science and Technology (MEXT) released a report on Friday recommending the Institute of Science Tokyo and Kyoto University as candidates for recognition as Universities for International Research Excellence. Institutions with this status become eligible for support from a ¥10 trillion government fund aimed at bolstering universities.

The panel praised the Institute of Science Tokyo's plan and vision for reforms that span research field boundaries. The education minister is expected to certify the Institute of Science Tokyo by the end of fiscal 2025, which concludes in March 2026, with Kyoto University likely to follow. Tohoku University remains the sole current holder of this designation.

This ¥10 trillion fund is designed to foster university development, particularly for those pursuing international research excellence. The recognition of the Institute of Science Tokyo marks a significant step in advancing innovation within Japan's higher education landscape.

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Illustration of international experts at the Tokyo Economic Security Forum discussing supply chain security and strategic materials amid global trade tensions.
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Tokyo hosts inaugural economic security forum

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Japan's government is hosting the inaugural Tokyo Economic Security Forum on December 15 in Tokyo. Amid global uncertainties from the US-China trade war and high tariffs under the Trump administration, experts from around the world will discuss securing strategic materials and protecting supply chains. The importance of public-private collaboration is highlighted.

Japan's education ministry has certified the Institute of Science Tokyo as the second university eligible for aid from a ¥10 trillion government fund. Formed in 2024 by merging the Tokyo Institute of Technology and Tokyo Medical and Dental University, it expects over ¥10 billion in subsidies in its first year. The certification supports a plan to enhance cooperation between medical and engineering researchers.

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The Japanese government has finalized a ¥247.9 billion budget for grants-in-aid for scientific research in fiscal 2026, an increase of about ¥10 billion from the previous year—the largest rise in the past decade. This move addresses concerns over declining research capabilities, with expansions in support for young researchers and international collaborations.

The United States and Japan are set to review energy projects as potential initial investments in a landmark $550 billion joint fund from their trade deal. The first panel session is scheduled for Wednesday in Washington, where a couple of energy projects will be considered. These initiatives could be presented to President Donald Trump in 2026.

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The Japan Tourism Agency plans to increase regions addressing overtourism from 47 to 100. This effort is included in the draft of the basic tourism promotion plan presented to an expert panel, outlining tourism policy through fiscal 2030. While keeping the inbound visitor target unchanged, it raises the repeat visitor goal from 36 million to 40 million.

The Hakone Ekiden's organizing body has announced reforms to expand participation to universities nationwide. This could disperse long-distance running talent concentrated in the Kanto region and boost Japan's overall competitiveness. The changes, revealed in December 2025, set the next expanded event for 2028.

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With Japan's defense budget on the rise, manufacturers specializing in defense materials like radar and missiles are expanding workforces and increasing capital expenditures. This is driven by the government's five-year plan starting in fiscal 2023 for substantial budget increases and Prime Minister Sanae Takaichi's proactive defense stance. Companies anticipate further order growth, turning defense-related business into a burgeoning sector.

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