Economic news
Japan won’t raise taxes to fund $65 billion chips aid, industry minister says
2024.11.11 21:29
TOKYO (Reuters) – Japan’s government is not planning any tax hike to finance its 10 trillion yen ($65 billion) plan to support domestic semiconductor and artificial intelligence projects, industry minister Yoji Muto said on Tuesday.
Muto’s remarks came a day after Prime Minister Shigeru Ishiba unveiled the aid to boost the country’s technology sector but said the government will not issue deficit-covering bonds to fund the plan.
($1 = 153.9600 yen)
