Japan mobilised 13 billion euros through JOGMEC for critical raw materials.

Omissions

• No source publishes the figure in euros: the underlying statistic is 2.183 trillion yen allocated as of December 2024, which corresponds to roughly EUR 13 billion only at 2025 exchange rates (~160–168 JPY/EUR).
• The 2.183 trillion yen total is Japan's broader public-financing envelope for critical materials value chains, including METI/Economic Security Promotion Act budget lines and two-step loans through the Development Bank of Japan — not a fund held or disbursed solely by JOGMEC.
• The most recent available data is as of December 2024 (reported in 2025 analyses); no 2025–2026 figure updating the EUR 13 billion total was found before the session date.
• The claim presents the total allocated/committed envelope, not amounts actually disbursed, and converts a yen figure into euros without stating the exchange rate.
• Supporting evidence comes from think-tank/research analyses (Bruegel, KIEP) drawing on the same Japanese Cabinet Office/METI data, i.e. a single underlying statistical basis rather than independent corroboration.

Sources

• PrimaryJOGMEC — JOGMEC's current activities and support measures for stable supply of mineral resources (presentation)"This amount is within the USD 13 billion range of measures taken at the Five-Point Plan for Critical Metals Security." (JOGMEC support measures under the Economic Security Promotion Act, 2022)
• AcademicKorea Institute for International Economic Policy (KIEP) — Japan's Critical Minerals Policy and its Implications for South KoreaTable 'Projects for Critical Materials (as of December 2024)': semiconductors 806.2 billion yen, EV batteries 827.4 billion yen, critical minerals (EV battery minerals, rare earths, gallium, germanium…), with the overall allocation across the 12 critical materials totalling 2.183 trillion yen; source cited: Japanese Cabinet Office, accessed 25 January 2025.
• SecondaryBruegel — Competing for inputs: how the European Union can improve critical raw materials supply security"As of December 2024, Japan had allocated a budget of 2.183 trillion yen and two-step loans through the Development Bank of Japan, which presupposes co-financing with private financial institutions for loans of more than 5 billion yen (Kim, 2025)." Also: "a public agency, the Japan Organization for Metals and Energy Security (JOGMEC), is responsible for implementing key elements of the strategy, including the management of strategic critical mineral" stocks. 2.183 trillion yen ≈ EUR 13 billion at 2025 exchange rates.