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ECONOMY

Japan to create fund to attract foreign semiconductor businesses

Saturday’s Yomiuri led with a report on a GOJ decision to launch a fund to provide financial support for foreign semiconductor companies to encourage them to make capital investments in Japan. The GOJ is planning to submit to the extraordinary Diet session to be convened on Monday legislation to amend existing laws so the fund can be established in the New Energy and Industrial Technology Development Organization (NEDO). The paper wrote that the move is part of the Kishida administration’s efforts to strengthen economic security by securing a stable supply of semiconductors.

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