TOKYO -- The Japanese government and ruling Liberal Democratic Party are drafting policies to revitalize the country's shipbuilding industry, including a plan for the government to construct or rehabilitate shipyards.
The proposal was submitted to Prime Minister Shigeru Ishiba on Friday by the LDP's Headquarters for Promoting Economic Security, chaired by Takayuki Kobayashi, an LDP lawmaker who formerly served as economic security minister. The proposal urges that a detailed plan be produced by the fall, outlining specific support measures, a timeline for implementation, and the predicted levels of public and private sector investment.
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