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Top related persons:
Industry Yasutoshi Nishimura - 2 Nishimura - 2 Issei Kato - 1 Yasutoshi Nishimura - 1 Roushni Nair - 1 Shailesh - 1 Aly - 1 METI - 1
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Economy - 2 Trade - 2 Industry - 2 REUTERS - 2 EV - 2 Thomson - 2 U.S - 1 Nikkei - 1

Search resuls for: "Industry Yasutoshi Nishimura"


5 mentions found


☆ Japan aims for joint EV, chip subsidy rules with U.S. and Europe - Nikkei
  + stars: | 2023-10-23 | by ( ) www.reuters.com   time to read: +1 min
The Japanese government aims to invest 20 trillion yen ($133.62 billion) in green transformation over 10 years, according to Nikkei. The three countries could also discuss environmental and other requirements to qualify for EV subsidies, Nikkei added. Nishimura also discussed plans to bolster Japanese investment in the so-called Global South, which is comprised of emerging and developing countries mainly in Asia, Africa and Latin America, Nikkei said. His ministry aims to facilitate 2 trillion yen in public and private investment in these countries over five years. ($1 = 149.6800 yen)Reporting by Roushni Nair in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
Persons: Industry Yasutoshi Nishimura, Issei Kato, Yasutoshi Nishimura, Nishimura, Roushni Nair, Shailesh Organizations: Economy, Trade, Industry, REUTERS, U.S, Nikkei, EV, Thomson Locations: Tokyo, Japan, Europe, Asia, Africa, Latin America, Bengaluru
☆ Japan increases support for domestic EV battery output
  + stars: | 2023-06-16 | by ( ) www.reuters.com   time to read: +3 min
The move shows Tokyo is confident about ramping up battery production support after the United States and Japan struck a deal on electric vehicle (EV) battery minerals in March that is key to giving Japanese automakers wider access to a new $7,500 U.S. EV tax credit. The government will support Toyota for up to 117.8 billion yen ($841 million) in subsidies for its investment in EV battery production, Nishimura said, adding he hoped it would strengthen Japan's storage battery supply chain. Japan has designated batteries for energy storage, including car batteries, as important under an economic security law. It had announced 184.6 billion yen in support for storage battery-related proposals at that time. Friday's announcement of 127.6 billion yen in subsidies brought the total so far to 312.2 billion yen.
Persons: Aly, Industry Yasutoshi Nishimura, Nishimura, METI, Japan's, David Dolan, Daniel Leussink, Hugh Lawson, Sonali Paul, David Evans Organizations: Auto Shanghai, REUTERS, Toyota, EV, Economy, Trade, Industry, Union, Toyota Industries, Honda, Thomson Locations: Shanghai, China, TOKYO, Japan, Tokyo, United States, U.S
☆ Washington and Tokyo vow closer chip cooperation
  + stars: | 2023-05-27 | by ( ) www.reuters.com   time to read: +2 min
[1/2] Nishimura Yasutoshi, Minister of Economy, Trade and Industry (METI), talks during an interview with Reuters in Tokyo, Japan, April 5, 2023. In a joint statement, the two countries agreed to increase cooperation between their research and development hubs, as they map out future technology collaboration. The statement came after Japan's Minister of Economy, Trade and Industry Yasutoshi Nishimura met in Detroit with U.S. Secretary of Commerce Gina Raimondo. The two countries agreed to work together "to identify and resolve geographic concentrations of production undermining semiconductor supply chain resilience". Raimondo on Thursday met China's Minister of Commerce Wang Wentao in Washington where the pair exchanged views on trade, investment and export policies.
☆ G7 vows to step up moves to renewable energy, zero carbon
  + stars: | 2023-04-16 | by ( ) www.cnbc.com   time to read: +6 min
Japan won endorsements from fellow G-7 countries for its own national strategy emphasizing so-called clean coal, hydrogen and nuclear energy to help ensure its energy security. The stipulation that countries rely on "predominantly" clean energy by 2035 leaves room for the continuation of fossil-fuel-fired power. The G-7 nations account for 40% of the world's economic activity and a quarter of global carbon emissions. The document crafted in Sapporo included significant amounts of nuance to allow for differences between the G-7 energy strategies, climate advocates said. "I think energy security is being exaggerated in some cases," Kerry said, pointing to Germany's progress in embracing renewable energy.
☆ Japan to invest up to $500 mln to manufacture advanced chips
  + stars: | 2022-11-11 | by ( Tim Kelly Elaine Lies | Tim Kelly | Elaine Lies | ) www.reuters.com   time to read: +2 min
TOKYO, Nov 11 (Reuters) - Japan said on Friday it will invest up to 70 billion yen ($500 million) in a new semiconductor company led by tech firms including Sony Group Corp (6758.T) and NEC Corp (6701.T) as it rushes to re-establish itself as a lead maker of advanced chips. The new chip company will be named Rapidus and aims to begin making chips in the second half of the decade, he added. Japan is also concerned that China may attempt to take control of Taiwan, the global hub for advanced chip production. In July Japan also offered a 93 billion yen subsidy to help memory chip makers Kioxia Corp and Western Digital Corp (WDC.O) expand output in Japan. In September it pledged to give U.S. chipmaker Micron Technology (MU.O) $46.5 billion yen so it can add production capacity at its plant in Hiroshima.
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