ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Japan to pool $20bn with Europe, Canada for vaccine-buying fund

Smaller nations join forces to match US-China purchasing power

As pharmaceutical companies rush to develop vaccines against the coronavirus, clinical trials have started in various parts of the world.   © Reuters

TOKYO -- Japan is in talks with the U.K., France and other potential partners to set up a $20 billion fund to jointly buy coronavirus vaccine, Nikkei has learned.

The nations aim to establish the purchasing program as soon as this summer, with Japan expected to contribute as much as $800 million or so, according to people familiar with the matter.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more