Japan to finances its companies to return from China

English Apr 20, 2020

Japan has announced that it will allocate $ 2.2 billion of its economic stimulus package to encourage Japanese companies of high value-added goods to abandon China - their biggest trading partner - so that the supply chain is no longer interrupted, as has been the case with the measures adopted in the pandemic.

In the face of this attitude from Japan, Foreign Ministry spokesman Zhao Lijian said he expects all countries to act like China so that the world economy is affected as little as possible.

At the start of the covid-19 crisis, both countries tightened ties, with Japan sharing masks and China recognizing Japanese medications as a potential treatment for the virus, but many Japanese blame China for not taking more severe measures to prevent the disease from spreading. The blame also falls on the Japanese prime minister for not having closed the border earlier.


Morel Hernandes

Writer passionate about politics, economics, blockchain and crypto-currencies.