By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
en English
en Englishja 日本語ko 한국어
Times of JapanTimes of Japan
Notification Show More
Latest News
South Korea restores intelligence-sharing pact with Japan
Published March 21, 2023
Japan to Invite Global South, South Korea to G7 Summit
Published March 21, 2023
COVID-19 tracker: Tokyo confirms 877 new cases
Published March 21, 2023
Hot springs block Japan’s geothermal potential
Published March 21, 2023
What sounds did dinosaurs make?
Published March 21, 2023
Aa
  • Home
  • News
  • Politics
  • World
  • Society
  • Business
  • Culture
  • Science
  • Technology
  • Sports
Reading: Govt to spend over 1 trillion yen on bolstering supply chains
Share
Times of JapanTimes of Japan
Aa
  • News
  • World
  • Politics
  • Society
  • Business
  • Culture
  • Science
  • Technology
  • Sports
Search
  • Home
  • News
  • Politics
  • World
  • Society
  • Business
  • Culture
  • Science
  • Technology
  • Sports
Have an existing account? Sign In
Follow US
Times of Japan > Business > Govt to spend over 1 trillion yen on bolstering supply chains
Business

Govt to spend over 1 trillion yen on bolstering supply chains

Published November 5, 2022
Last updated: 2022/11/05 at 7:12 AM
Share
SHARE

The government aims to earmark ¥1.358 trillion in its second extra budget of fiscal 2022 to strengthen the nation’s supply chains of products considered highly important for economic security.

Semiconductors and other specific materials that are highly important for Japan’s economy and the public will be designated by the end of this year at the earliest. The government will offer this financial assistance to companies in order to support their technological developments and production.

Under the guidelines supplementing a law for promotion of economic security, products meeting four criteria such as “essential for survival of the people” will be allocated as specific key products.

In the industrial field, semiconductors, which are used in many products, will be designated because about 80% of them are imported.

As well, it is likely that products essential for digitization such as cloud computing devices, batteries and rare earth elements will also be allocated.

November 5, 2022
Share this Article
Facebook TwitterEmail Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

You Might Also Like

Business

Army of Lobbyists Helped Water Down Banking Regulations

Published March 21, 2023
Business

Mirrorless Cameras Fly Off Shelves Despite Steep Prices

Published March 20, 2023
Business

Japan’s First Costa Coffee Store to Open in Tokyo in Summer

Published March 20, 2023
Business

Tokyo Stocks Likely to Be Determined by Outcome of Fed’s Policy-Setting Meeting

Published March 18, 2023
  • National
  • International
  • Politics
  • Insider
  • Science
  • Privacy Policy
  • Terms of use
  • Contact

© 2022 Times of Japan. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?