Japan to launch subsidy programs to encourage local manufacturers to transfer their overseas production bases to countries in Southeast Asia due to the Ivory Coast epidemic. 19 Disrupted their supply chain, which was heavily dependent on China.
According to Japan's Kyodo News, a program worth 23.5 billion yen ($ 220 million) has been included in the government's emergency stimulus package to ease the economic downturn from The virus spreads and helps companies diversify their supply chains financially Manufacturing building construction as well as a feasibility study in the ASEAN countries.
The initiative comes after carmakers and other equipment manufacturers suffered a shortage of supplies made in China following the outbreak. The new strain began late last year in central Wuhan, China.
Other efforts have also been made to strengthen the supply chain, and the Japanese government will spend $ 220 million to boost domestic products, which are now heavily imported. The subsidy will be included in the subsidy program and financially support the relocation of Japanese companies overseas to their home countries.
The program will also focus on the manufacturers of Japanese essentials for good health during the outbreak, including mass and alcohol. They can receive subsidies when they open new plants or increase their existing production capacity in Japan. Translated by Nuon
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