Japan's government has allocated trillions of yen on subsidies and other measures to encourage companies struggling under the strong yen to keep factories and production jobs in Japan, rather than offshoring them to lower-wage centers, according to reports Friday.
The government will spend about 2 trillion yen ($26.1 billion) to encourage investment in plants, equipment, job creation, and helping secure offshore resources, the reports said.
Japan's government on Friday approved an extra budget worth ¥12.1 trillion for reconstruction and to help deal with the strong yen, as part of a broad spending plan outlined earlier to aid recovery from the from the March earthquake and tsunami disasters. |