Name: 日本はどこへ向かうのか｜片山さつき大臣が英語で語る 移民・半導体戦略の現実（後半編）
Uploaded: 2026-01-24T09:18:27.000Z
Duration: 22 min 18 s
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Adverbs of manner

Maybe in coming election that will be one of the matter between us and portion.

I want to give the audience a chance to ask some questions in a second but a last one for the minister.

Prime Minister Takeichi is the first female Prime Minister of Japan and you are the first female Finance minister.

And I remember in previous Japan sessions during the Abe period there was a lot of talk about womenomics.

Are we now actually seeing it in action that Japan is mobilizing its female talent?

And is that part of your pitch going into this election?

Of course, it's always part of our pitch.

And also we are trying to protect and reinforce what Mr. Morita has said.

This is the force of our industry and super high tech area.

And also a sort of financial technology which are coming.

Maybe Japan could be a little bit advanced in the coming digitalization of finance and coming cryptocurrency utilization because we are still on the level of testing even in United States.

But Japan is the first to introduce legislation onto that.

I had a talk with Scott on this master too.

And maybe in the future, in a very near future there will be a stable coin market exchange between dollar and yen and maybe a little bit with euro.

This kind of new proposition can be paused from Japanese side because Japan is Japan.

So it's not only women mix but we would like to take advantage of what we are like.

These two gentlemen mentioned kindly to us.

Is there any questions from the audience?

Anybody like to ask a question to the panel?

Yeah, I see a hand over there microphone for you if you could identify who you are as well.

Hi, I'm Ian Lindsay, advisor to the Prime Minister of Bahrain and a former British diplomat in Tokyo.

Japan's rate of immigration is very low compared to the OECD.

Foreign residents only represent 3% of Japan's population.

Clearly we've already had references to Japan's aging population and that's one of the reasons why foreign workers have been brought in.

But that has caused something of a backlash.

The governors of all the prefectures have just issued a statement talking for a rational debate on immigration.

Minister, how can we see this going forward?

Maybe in coming election that will be one of the matter between US and proposition.

But we all say our LDP party says that we are in a position to welcome those who are good to us in any sense, good friends coming in and those who did something wrong or illegal should lift.

But we couldn't reinforce the latter in real stages.

That's why we have a certain voluminous population illegally coming to Japan and staying.

And that will increase the Japanese feeling of uncertainty in that particular area.

So we changed the mode of our driver license, a mode of a new coming in businessman visa.

It was very, very cheap compared to your country.

But that is true that Japanese culture is a very, very special one.

And I was in France for two years and I remember the day I thought under Mitteland legislation they tried to assimilate all people coming from their ex colonies.

Ex colonies means they speak French perfectly.

But even that there was a strong negative feeling among Parisian or French people.

So we also feel different culture because the ratio of foreigner attained 3% and some in some area it's very tensioned, so concentrated the ratio is higher.

And so we would like to ease these uncertainty and we would like to welcome those good people and not bad.

Just to summarize, do you expect overall numbers of immigrants to rise gradually or to come down a bit?

Now we are not very sure of the percentage, but

we are not imagining that situation where our society will be like European countries.

Japan has some strengths in the semiconductor value chain, contains 50% market share of some of the critical materials such as photoresist, silicon wafer and all that.

The question is how could Japan use these supply chain value chain strengths towards some of the strategic allies as well as also some of the competitive contenders that it has?

I think there are two dimensions to two core dimensions to supply chain vulnerability as they impact Japan and frankly the rest of us across the Indo Pacific and the world.

One is where we now find ourselves in terms of semiconductors and their inputs and then secondly, more broadly in terms of critical minerals and rare earths.

On the first, it's no mystery that in terms of semiconductors, we look to tsmc, we look to Samsung and we look to intel and with some Dutch lithography on the way through.

So the reality is these overall semiconductor supply chains need to be broadened.

There's no better country to participate in the broadening of that than Japan because as you know, compute coming out of semiconductors determines and shapes AI, the entire AI stack.

And those of us who succeed and welcome and adapt and adopt to the AI universe will prevail and those of us who don't will not.

On the second part of the equation, which is critical minerals and rare earths, we have observed carefully what's happened in Japan historically and more recently in the United States in terms of vulnerabilities.

That is, it's not because we are necessarily particularly clever, it's just that that's our real estate.

But we are very clever at mining, extracting and refining this stuff.

And so what we've just agreed and negotiated with the United States in the last several months under Trump administration through Prime Minister Albanese, and

I've been intimately engaged in the negotiation of it as a Critical minerals and Rare Earths accord.

It is real, it is substantive, it is project specific, mine specific, processing facility specific.

And if you look at the trajectory of where we'll now go on raw and refined rare earths over the next three years, it will radically change America's current vulnerabilities.

The opportunity for Japan and Korea and other partners, which we are already working on with both Seoul and Tokyo and frankly with the Europeans, is to ensure that we add on through the G7 mechanism which Minister Satsuki attended just last week in D.C.

i was there as well with our Finance Minister is to broaden this out to the G7 Plus.

That removes this as a vulnerability in terms of supply chain interdiction and that necessitates industrial policy intervention.

And for those of you who purchase and need critical minerals and rare earths in the future, it will mean a price adjustment.

Security of supply means industrial policy intervention means a higher price.

But you have security of supply long term.

Otherwise the immediate so called market price will always be low when it's manipulated by certain external actors.

Okay, well, it's a sign of a great session that I have 100 follow up questions I would like to ask, but

we actually only have 20 seconds left so I'm afraid, afraid we're going to have to call a day.

But I'd just like to thank particularly the Minister for taking time at such a busy time in Japan.

And also to the panel for a really lively and interesting discussion.

I want to give the audience a chance to ask some questions in a second, but

a last one for the minister, Prime Minister Takeichi is the first female Prime Minister of Japan and you are the first female Finance Minister.

Subtitles ListPlay Video

日本はどこへ向かうのか｜片山さつき大臣が英語で語る移民・半導体戦略の現実（後半編）

specific

critical

vulnerability

debate

日本はどこへ向かうのか｜片山さつき大臣が英語で語る 移民・半導体戦略の現実（後半編）

specific

critical

vulnerability

debate

日本はどこへ向かうのか｜片山さつき大臣が英語で語る移民・半導体戦略の現実（後半編）