Japan’s Ministry of Economy, Trade and Industry has extended its production incentive program through 2025, maintaining its eye-catching 50% cash rebate on qualifying expenditures.
The move continues the momentum of Japan being promoted heavily as a filming location, which was evident at last November’s Tokyo International Film Festival.
The Visual Industry Promotion Organization (Vipo) and Japan Film Commission confirmed on Thursday that the incentive program, which selected 10 international productions in 2024, including Apple TV+’s “Monarch: Legacy of Monsters Season 2,” will run from March 27, 2025, to Jan. 31, 2026.
The incentive applies to half of all qualified spending on production and post-production costs incurred in Japan after a project’s official selection. The program caps rebates at JPY1 billion (approximately $6.6 million) per production.
To qualify, international projects must meet one of three financial thresholds: direct production costs in Japan exceeding JPY500 million ($3.3 million); total production budget over JPY1 billion ($6.6 million) with at least JPY…
AloJapan.com