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Economy

Japan adds India and Bangladesh to 'China exit' subsidy destinations

Industry ministry launches second round of program to diversify supply chains

Workers assemble air conditioners for Japan's Daikin Industries at a plant in Neemrana, India.   © Reuters

TOKYO -- Japanese manufacturers will now be eligible for subsidies if they shift production out of China to India or Bangladesh, in an expansion of a government program aimed at diversifying the country's supply chains.

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