Japan to pay at least $536 million for companies to leave China
- Japan’s decision is similar to a Taiwanese policy in 2019, which was aimed at bringing investment back home from China
- China is Japan’s biggest trading partner under normal circumstances and Japanese companies have massive investments there
Japan’s government will start paying its companies to move factories out of China and back home or to Southeast Asia, part of a new program to secure supply chains and reduce dependence on manufacturing in China.
Select your Category
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more