Aug 18, 04:00 PM

Japan Sets $550 Billion Fund to Back Overseas Chip and Ship Projects

Japan has agreed to establish an investment framework worth about $550 billion under a new agreement with the United States, according to reports by Nikkei Asia and the Wall Street Journal. The package will direct subsidies and other financial support to Japanese companies expanding overseas in industries deemed vital to economic security, including semiconductor fabrication, rare-earth processing and shipbuilding. Tokyo aims to diversify production networks away from mainland China and strengthen supply chains across Southeast Asia and other emerging markets. The initiative is expected to help firms build or expand plants abroad, securing access to critical materials and reinforcing industrial capacity in partnership with allies. Details of the U.S. tariff arrangement were not disclosed, but officials said the investment commitment is designed to mitigate the impact of Washington’s existing 145% levy on Chinese imports by deepening bilateral cooperation and ensuring stable supplies of strategic goods.

#Japan #United States #Nikkei Asia #Wall Street Journal #Japanese #Tokyo #China #Southeast Asia #Washington #Chinese

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Japan Sets $550 Billion Fund to Back Overseas Chip and Ship Projects

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