The 73rd session of the Council for Science and Technology Policy was held at the Prime Minister's Official Residence on January 30, 2008.
During the meeting, a report on "Important Issues for Science and Technology Policy in 2008" was presented. This report, alluding to Prime Minister Fukuda's annual policy speech, gave a systematic overview of particular key issues that should be addressed in working toward the drastic strengthening of Japan's science and technology capabilities. In addition, it was reported that the science and technology-related budget draft for FY 2008 would focus on these four points: "Fostering younger researchers who bear future," "Resolving global issues by means of science and technology," "Bringing vitality and light to local regions by means of science and technology," and "Promoting research and development that lead the world." In connection with research and development which could be applied to policy issues, the report also covered the ongoing prioritization of national critical technology and other science and technology assigned strategic priority.
An ultra-high efficiency heat pump was announced as an instance of innovative Japanese environmental and energy technology that would contribute to global warming countermeasures.
During the session, Prime Minister Fukuda observed, "As I said in my annual policy speech the other day, Japan must maintain a level of technology that will exceed that of all other nations. This is essential for our country's growth in the midst of intensifying international competition. In order to achieve this, all of Japan must be mobilized to engage in the creation of innovative technology. Therefore I would like the Council for Science and Technology Policy to coordinate with the Council on Economic and Fiscal Policy to carry forward examination of a 'Strategy for Creation of Innovative Technology' so as to work out an approach by sometime in the spring." The Prime Minister further stated that "The Hokkaido Toyako Summit in July will be an excellent occasion for demonstrating Japan's science and technology to the world, especially in the field of energy. Our energy-saving technology in particular is excellent, and I would like the Council for Science and Technology Policy to discuss the 'Environmental Energy Technology Revolution Plan' and prepare a report on it."