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Japan to launch fund to bring supply chains back to Japan

  • May 17, 2020
  • , Sankei
  • JMH Summary

Sunday’s Sankei reported on a GOJ plan to establish a 200 billion-yen ($1.87 billion) fund later this month to encourage local manufacturers to bring their global supply chains back to Japan. As many Japanese businesses have suffered greatly amid the coronavirus pandemic because of prolonged disruptions of component supplies from China, where they have built extensive networks of plants, the paper noted that subsidies will be offered to domestic firms willing to build assembly lines at home.

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