Japan has announced a groundbreaking location production incentive scheme that will offer up to 50% reimbursement of qualifying expenditure, with a limit of $6.66 million on each disbursement.
The scheme targets larger-scale productions with specific spending criteria in Japan, and applications can be made during three designated periods throughout the year.
Eligible costs include direct expenses related to film production in Japan, with the Ministry of Economy, Trade Industry overseeing the scheme’s operations.
Projects applying for funding must fulfill certain criteria to support the Japanese content industry and have additional benefits for the local economy.
Despite the comprehensive guidelines, there are still clarity gaps regarding post-production, visual effects work, and payments to foreign talent under the scheme.
Japanese film and TV production industry enthusiasts are eagerly anticipating the positive impacts this incentive will bring to the country’s entertainment sector.
