Japan seeking to beef up chip, storage battery sectors as a part of stimulus plan


TOKYO (Reuters) – Japan’s financial stimulus package deal will characteristic a plan to urgently strengthen the chip business whereas the federal government can even formulate a technique for storage batteries, commerce minister Koichi Hagiuda stated on Monday.

Hagiuda unveiled the plan days earlier than Prime Minister Fumio Kishida is about to announce a stimulus package deal value a number of tens of trillion yen to ease the ache of the COVID-19 pandemic and revive the financial system.

Hagiuda stated the federal government was contemplating steps to encourage the institution of large-scale manufacturing websites for storage batteries, which he stated held the important thing to reaching inexperienced and digital targets.

(Reporting by Tetsushi Kajimoto; Enhancing by Chang-Ran Kim)

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