Japan PM Shinzo Abe calls on firms to cut supply chain reliance on China

Shinzo Abe earmarked about 240 billion yen (S$3.2 billion) to support domestic companies.PHOTO: AFP

TOKYO, April 17 (The Straits Times/ANN) - "Made In China" Japanese goods may be the latest casualty of the coronavirus pandemic as Prime Minister Shinzo Abe resolves to wean firms off their dependence on China.

To help them do it, Mr Abe has earmarked about 240 billion yen (S$3.2 billion) to support domestic companies in decoupling their supply chains from China, especially those in high value-added manufacturing.