Header Ads

ad728
  • Breaking News

    Japan wants manufacturing back from China, but breaking up supply chains is hard to do

    By Naomi Tajitsu, Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) - When Japanese firm Iris Ohyama agreed in April to begin producing much-needed face masks in Japan, it marked a win for Prime Minister Shinzo Abe who wants to bring manufacturing back from China. Spooked by coronavirus-induced factory shutdowns in China, Abe's government has earmarked $2 billion to help companies shift production home. The policy, part of a massive stimulus package to cope with the pandemic, has even been termed by some bureaucrats as a matter of national security

    The post Japan wants manufacturing back from China, but breaking up supply chains is hard to do appeared first on Firstpost.



    from Firstpost

    No comments

    Post Top Ad

    ad728

    Post Bottom Ad

    ad728