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Since 2003, three years of the current 5-year national project for development of coated conductors using Y-system superconductors have passed and remarkable results have been achieved. In this paper, the current status and future prospects are reviewed. The group of Fujikura and SRL has worked on a long tape with high performance in the PLD-YBCO supercon- ducting tapes on the IBAD-GZO buffered substrates. The highest Ic × L value of the tape is over 50 k Am which is 212 m in length and 245 A of critical current (Ic). Additionally, a 500 m long IBAD-buffered tape with a reasonable in-plane texture was produced using a large scale IBAD apparatus by Fujikura. In the other group, long tape processing has been developed focusing on lowering production cost. An extremely high Ic value of 692 A was obtained in a short sample by the advanced TFA-MOD method on a CeO2 (PLD)/GZO(IBAD)/Hastelloy substrate. In the efforts for the long tape processing, a 25 m long tape with the Ic value of 100 A by a continuous reel-to-reel system and a 40 m long tape with 155 A by a batch system were realized. 100 m class long tapes were also obtained with the MOCVD and PLD-HoBCO processes. Both groups are aiming for 500 m long tapes with the high Ic value of 300 A/cm-w with a production rate of 5 m/h. Furthermore, feasibility studies for applications using coated conductors have already began due to the above mentioned success of long tape production. Several kinds of coils using the long coated conductors such as solenoid and pancake types and spiral shaped conductors for the cable were made. Reasonable high performance results were confirmed in the trials. New approaches on the preliminary studies for the applications of cables, transformers, motors and current limiters etc. are planned in this project. [ABSTRACT FROM AUTHOR]