Japan Kicks off the Flight From China; Starts Paying Companies to Leave the Country


 

 

(From Red State)

Bloomberg reports that Japan has allocated “220 billion yen ($2.2 billion) of its record economic stimulus package to help its manufacturers shift production out of China as the coronavirus disrupts supply chains between the major trading partners…The extra budget, compiled to try to offset the devastating effects of the pandemic, includes 220 billion yen (US$2 billion) for companies shifting production back to Japan and 23.5 billion yen for those seeking to move production to other countries, according to details of the plan posted online.”

Reprinted from: https://www.ac2news.com/2020/04/japan-kicks-off-the-flight-from-china-starts-paying-companies-to-leave-the-country/

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