Economics
Japan Allocates $2.4 Billion to Beef Up Supply Chains
- Subsidies awarded to firms increasing domestic production
- Analysts say plan is a reaction to China’s growing influence
Protective mask production in Toyohashi. Producers of surgical masks and gowns are also receiving funding.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
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Japan is continuing its efforts to diversify its supply chains and beef up factories at home after Covid-19 and trade wars exposed the risk of being too concentrated in outside markets including China.