The government plans to expand support for the domestic content industry to boost exports of anime and films, people familiar with the matter said on Wednesday.
The plan comes as the country aims to triple overseas revenue from Japanese content to ¥20 trillion in 2033.
As part of the plan, the government is considering raising the upper limit on the industry ministry's subsidies for video productions costing ¥300 million or more from ¥200 million, at present.
The South Korean government set aside some ¥76.2 billion in funding for content promotion overseas in 2023. California, home to Hollywood, provides generous subsidies and tax credits to content production.
In Japan, the government has allocated about ¥25.2 billion to support the content industry in the latest year, an amount that experts say is not enough to step up overseas promotion.
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