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ECONOMY > Trade

GOJ to offer subsidies for companies relocating factories out of China 

  • September 4, 2020
  • , Nikkei
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Nikkei highlighted a subsidy offered by METI to encourage Japanese companies to move their assembly lines out of China, saying that companies will be eligible if their plants are relocated not only to ASEAN countries but also to India and Bangladesh. By diversifying parts supply chains and reducing dependence on certain suppliers, the GOJ is reportedly hoping to ensure steady supply of medical equipment and electronic components during global emergencies such as the COVID-19 pandemic 

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