Japan to Pay Companies to Leave China

Japan to Pay Companies to Leave China

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Business

University

Hard

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The Japanese government is working to reduce its dependency on Chinese supply chains, a move prompted by the challenges faced during the COVID-19 pandemic. To achieve this, Japan has allocated $2.2 billion to encourage companies to increase production domestically or in Southeast Asia. The first round of subsidies, amounting to $560 million, has been announced, with further funds to be distributed to support investments in countries like Vietnam, the Philippines, and Thailand.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges did Japanese companies face during the pandemic regarding medical goods?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the total amount of subsidies announced by the Japanese government in the first round?

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