Japan’s Kishida Aims to Safeguard Supply Chains with New Bill
- Cabinet approves economic security bill sought by premier
- Bill also looks to boost research, tighten patent information
Fumio Kishida
Photographer: David Mareuil/Anadolu Agency/Bloomberg
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Japan’s cabinet approved the nation’s first economic security bill aimed at protecting supply chains and enhancing autonomy, amid rising global tensions over the development of key technology and related security risks.
The bill, a pillar of Japanese Prime Minister Fumio Kishida’s policy agenda, aims to strengthen supply sources, impose regulatory checks on core infrastructure, strengthen development of vital technology and tighten information disclosure on patents.