Growth remained low in 2016, driven by foreign trade and public consumption. 2016, growth in the economy has been resilient. The risk of deflation persists and public debt remains very high. Overall, growth prospects remain limited this year.
Inflation struggles to remain positive in 2017, even though the price of oil is no longer falling. It is most likely to remain well below the target of the central bank's 2%.
Advantageous geographical situation in a dynamic region Very high level of national saving (around 23% of GDP) 90% of public debt of local investors.
The current targets for photovoltaic solar energy in Japan are 28 GW in 2020 and 53 GW in 2030. With 35,4 GW for the end of 2015 (after installing 12 GW throughout the year), the goal for 2020 has already been met, with 18 GW remaining to reach the 2030 target. This goal is likely to be met in the first half of 2017. The generation of solar energy covers only 3,5% of the total energy supply, being necessary for the Government to update the objectives to adapt them Recommendations of the experts. The Ministry of Energy (METI) advises to achieve around 23% of the renewable energies in 2030, being 7% PV solar. Similarly, the IEEJ (Institute of Energy Economics, Japan) suggests a mix of energy, with a weight of 25% in clean energy.
The rapid growth in the number of solar photovoltaic projects in some areas has led METI to approve a rule that allows electricity companies to disconnect photovoltaic solar plants in those areas where it is necessary for the operation of the network in the future. In practice, it implies a potential reduction in the annual production of any plant affected by this rule. This has automatically ranked solar photovoltaic projects in 3 categories: i) projects without reduction; (Ii) projects with a maximum reduction of 360 hours per year; And iii) projects with unlimited reduction.
Photovoltaic solar plants sell their energy to utility companies for periods of 20 years under a FIT system launched in 2012 (after the Fukushima clash) with the tariff, excluding taxes, being 40 yen / kWh for non-domestic customers and declining year after year since. The current rate is 21 yen / kWh.
In addition to the FIT system, the Government grants fiscal incentives to investors in clean energy, making their investments partially deductible from their tax revenues