Japan Govt Panel OKs 11 Strategically Important Goods
13:27 JST, November 17, 2022
Tokyo (Jiji Press)—A Japanese government panel on Wednesday approved the designation of eleven categories including semiconductors and natural gas as strategically important goods under a law on promoting economic security.
The cabinet is expected to formalize the designation in late December after a public comment period.
Government agencies will formulate plans to ensure the stable supply of each important item for release by the end of the year.
The eleven categories are chips, natural gas, storage batteries, permanent magnets, important minerals, machine tools and industrial robots, aircraft parts, the cloud, ship-related equipment, fertilizers, and antibacterial products.
The categories meet four requirements, including being essential for citizens’ survival and Japan excessively relying on a particular country for supplies.
The industry ministry said it will secure stable supplies of semiconductors by supporting capital investments to boost domestic production capacity, aiming to achieve over ¥15 trillion in total sales from firms producing chips domestically in 2030.
"Politics" POPULAR ARTICLE
-
Japan Ministry Concerned Over Same-Sex Couple Receiving City-Issued Resident Certificates Referring to ‘Common-Law Husband’
-
Japan Govt Predicts China’s Forces Could Land on Taiwan Within 1 Week of Enforcing Blockade; Drills Conducted in 2023 Analyzed
-
Tokyo Governor Yuriko Koike Wins Third Straight Term; Voters Respond to Achievements in Child Care, Education
-
Incumbent Tokyo Governor Leads as Election Day Approaches; 20% of Survey Respondents Still Undecided
-
Japan, U.S. to Compile Joint Document on Extended Deterrence; Foreign, Defense Ministers to Hold Talks
JN ACCESS RANKING
- Aviation Fuel Shortage Causes Problems at Regional Airports; Growing Demand, Lack of Workers to Transport
- Prices of over 10,000 Food and Beverage Items to Rise This Year; Figure is down from over 30,000 Last Year
- Sony Group to End Production of Blu-ray Discs; Market Has Shrunk Due To Growth Of Hard Disk Drives, Streaming
- Japan Ministry Concerned Over Same-Sex Couple Receiving City-Issued Resident Certificates Referring to ‘Common-Law Husband’
- Japan Court OKs Sex Change without Surgery