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Politics

Japan to help bring home factories that left after 2011 disaster

State-backed lender prepares $9bn in funding as coronavirus hits supply chains

Japanese automakers struggled to deal with parts shortages after the coronavirus outbreak all but shut down manufacturing in China.   © Reuters

TOKYO -- The Japanese government will extend emergency loans to companies trying to bring home overseas production facilities as the coronavirus pandemic severs links in global supply chains.

The move comes as the outbreak has exposed risks of offshoring, which picked up after the March 2011 earthquake and tsunami that battered Japanese supply chains. 

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