Japan’s government will begin paying Japanese companies to move factories out of China and back home or to Southeast Asia under a new program to secure supply chains and reduce dependence on manufacturing in China. Fifty-seven companies including facemask-maker Iris Ohyama will receive $536 million in subsidies. Another 30 firms will get money to move manufacturing to Southeast Asian nations.
Japan’s govt to pay at least $536 million to its firms to leave China
