Japanese companies: Double-tracking China’s supply chain: METI subsidies

Major Adopters of Domestic Investment Promotion Project Cost Subsidies

Onoda Chemical Industry
Nitrogen phosphate fertilizer
Yamaguchi Prefecture

Kaneka
Biodegradable polymer PHBH
Hyogo

Novel crystal
Wefer for power device
Saitama

Maruhachi cotton
Down futon
Shizuoka Prefecture

Meiji Seika Pharma
Pesticide ingredient
Iwate Prefecture

Iris Oyama
Non-woven mask
Miyagi Prefecture

Eiken Chemical
New coronavirus test reagent kit
Tochigi Prefecture

Kawanishi
Medical supplies
Ehime Prefecture

Kurihara Medical Instrument Store
Medical equipment, care products
Gunma Prefecture

Kitaishi Engineering
Non-woven mask
Hokkaido

ROKI
Non-woven mask
Shizuoka Prefecture

Shionogi Pharmaceutical
vaccine
Gifu Prefecture

sharp
Non-woven mask
Mie Prefecture

Terumo
Vaccine injection syringe
Yamanashi Prefecture

Nipro Pharma
Medicine
Shiga Prefecture

Phoenix electric
Non-woven mask
Hyogo prefecture

Fujifilm Wako new model
Coronavirus gene detection reagent
Akita

Mitsubishi paper
Non-woven mask
Hyogo prefecture

* Ministry of Economy, Trade and Industry website

Japanese companies: Double-tracking China’s supply chain: METI subsidies

Problems in China:

New coronavirus
Frequent spying,
Hong Kong/Uygur problem etc.

Many serious problems in China have been pointed out by the West.

In the US and China, the consulates of both sides were closed.

In terms of business, the United States is eliminating Chinese companies.

Movement to review supply chain:

Japanese companies are also accelerating the movement toward “out of China”.

The Ministry of Economy, Trade and Industry will introduce a subsidy system for double-tracking Japanese companies’ supply chains.

It is a subsidy system for companies that return the supply chain (parts procurement/supply network) from China to Japan or move it to Southeast Asia.

METI Subsidy:

A total of 87 projects including large companies have been adopted.

Other Japanese companies relying on Chinese business are likely to have to make choices.

-zakzak: Evening Fuji

https://www.zakzak.co.jp/smp/eco/news/200727/ecn2007270004-s1.html

The project to be adopted for the preliminary examination of the domestic investment promotion project cost subsidy for supply chain measures is decided (METI/METI)

https://www.meti.go.jp/press/2020/07/20200717005/20200717005.html

Domestic investment promotion project cost subsidy (listed in May 2019, public offering (for preliminary examination))

https://www.meti.go.jp/press/2020/07/20200717005/20200717005-1.pdf