The Japanese government has decided to allocate 368.6 billion yen (about $2.7 billion), which will be sent to enterprises for semiconductor production in the form of subsidies. In this respect informs Nikkei newspaper.
The publication noted that the subsidies could cover about a third of companies’ investments. At the same time, the business can receive funding if it is guaranteed to operate for the next 10 years. Also, if necessary, companies must supply semiconductors to the Japanese market if there is a shortage of semiconductors.
At the end of October, Japanese Prime Minister Fumio Kishida introduced A new program to support the $266 billion economy 39 trillion yen will be provided from the State budget and 71 trillion yen, all at the expense of the private sector.
Prior to that, Japan’s Ministry of Finance said that according to the results of the first half of fiscal 2022, which began on April 1, the trade deficit in Japan reached a record high, reaching 11 trillion yen, or about $73.37 billion. .