JAPANESE GOVERNMENT TO PAY COMPANIES TO MOVE FACTORIES FROM CHINA TO SOUTHEAST ASIA

Highlights –

• Japanese government to pay companies to move factories from China to Southeast Asia.
• The list of countries also includes India and Bangladesh.
• The government wants to secure supply chains and reduce dependence on China for manufacturing.
• Iris Ohyama Inc. and Sharp Corp. to receive subsidies of $536 million from the government.

With the inte....