Tokyo, June 10 (Jiji Press)–The Diet, Japan’s parliament, enacted a bill Wednesday to support companies operating projects overseas that are crucial for the country’s economic security to make international transportation networks more resilient. The revised economic security promotion law calls on the government to take on the risk of losses to attract private funding for such projects, including building refueling bases overseas, by providing subordinated investments through the Japan Bank for International Cooperation. The Research Institute of Economy, Trade and Industry will establish a think tank to make policy recommendations related to economic security to the government. A public-private council will be set up to discuss supply chain challenges. END [Copyright The Jiji Press, Ltd.]
Japan to Support Economic Security Biz Projects Abroad
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