Shinzo Abe is subsidising firms to bring production back from China. His $9 bln budget for the drive suggests the push is tentative, and reshoring has a bad history. Duplicate chains and more inventory are the answer, but they are costly. petesweeneypro
Japanese face mask maker Iris Ohyama is set to become the first Japanese company to receive a government subsidy to shift production out of China under a new programme, Nikkei Asia Review reported on April 21.
Prime Minister Shinzo Abe on March 5 told the Council of Investments for the Future that he wanted high value-added product manufacturing to relocate to Japan. “And for everything else, we should diversify to countries like those in ASEAN," he added.
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