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Japan to assist domestic providers of cloud storage services 

  • May 7, 2022
  • , Nikkei
  • JMH Summary

Saturday’s Nikkei reported that the GOJ is considering categorizing cloud storage services as “designated strategic materials” like semiconductors and pharmaceuticals with the goal of safeguarding from cyberattacks the nation’s crucial data stored on online servers. As Amazon, Microsoft, and Google control some 60 to 70% of Japan’s market share in this business sector, the GOJ is reportedly concerned that the American service providers may not respond quickly to potential cyberattacks targeting data stored by Japanese businesses on their servers. The GOJ is reportedly looking to offer tax breaks and other financial incentives aimed at helping domestic companies launch or expand their cloud storage services on the condition that they secure sufficient programmers and engineers who can be mobilized expeditiously in the event of a cyberattack. 

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