Japan to pay firms to leave China, relocate production elsewhere as part of coronavirus stimulus

The Unfrozen Cave � � All Things Wuhan Flu/Corona Virus/COVID-19 � Japan to pay firms to leave China, relocate production elsewhere as part of coronavirus stimulus

#1 | Japan to pay firms to leave China, relocate production elsewhere as part of coronavirus stimulus datum

Thu Apr 09, 2020 6:05 pm (Last edited: Thu Apr 09, 2020 6:16 pm)

Japan to pay firms to leave China, relocate production elsewhere as part of coronavirus stimulus

https://www.scmp.com/news/asia/east-asia...-elsewhere-part

More than US $2 billion of the country�s record economic stimulus package will be used to help companies move production away from China.

The move coincides with what should have been a celebration of friendlier ties between the two countries, before the pandemic struck

Japan has earmarked US $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- excerpt, rest at link above --

Damn the torpedoes! Full speed ahead!

EdJames and Tinker said Thank You!

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#2 | RE: Japan to pay firms to leave China, relocate production elsewhere as part of coronavirus stimulus datum

Thu Apr 09, 2020 6:14 pm

Fantastic!

"Three can keep a secret, if two of them are dead." - Ben Franklin

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#3 | RE: Japan to pay firms to leave China, relocate production elsewhere as part of coronavirus stimulus datum

Thu Apr 09, 2020 6:17 pm

Yes, we could learn something there.

Damn the torpedoes! Full speed ahead!

Tinker and austingirl said Thank You!

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#4 | RE: Japan to pay firms to leave China, relocate production elsewhere as part of coronavirus stimulus datum

Thu Apr 09, 2020 7:47 pm

I suspect a lot of countries are going to do this. Also, I suspect a lot of companies are going to leave voluntarily as well.

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#5 | RE: Japan to pay firms to leave China, relocate production elsewhere as part of coronavirus stimulus datum

Thu Apr 09, 2020 7:48 pm

includes 220 billion yen (US$2 billion) for companies shifting production back to Japan

Good luck with that. They barely have enough people in that country to keep what they already got going. Guess their going to have to institute a national f@&k day like the Soviets have to increase their dwindling numbers.

�Like sands through the hour glass, so are the days of our lives.� - Ben Franklin

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