The government wants to boost foreign direct investment in Japan to 26.4 trillion yen (232 billion dollars) by the end of 2011, double the level estimated for the end of this year, the Nihon Keizai Shimbun said.

Prime Minister Junichiro Koizumi will mention the plan in his policy speech on Friday when parliament convenes, the respected economic daily said, adding that a taskforce would draw up plans to achieve the target.

The government is hoping that foreign investors will introduce new technology and management systems into the country, it said.

However, foreign direct investment of 26 trillion yen would be only five percent of Japan's gross domestic product, far less than 20-40 percent seen in the United States and developed European nations, the paper noted.