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Supply Chain

Japan sets guidelines for protecting critical supply chains

Semiconductors, rare earths and medical supplies likely to receive government support

A circuit board and chips at a research institute in Taiwan. The island produces 90% of advanced chips, which exposes the crucial goods to supply disruptions during crises.   © Reuters

TOKYO -- Japan's cabinet on Friday drew up guidelines for designating strategically important goods that will receive government support as part of an economic security initiative to protect supply chains of chips, medical supplies and other key items.

The cabinet decision follows the passage in May of economic security legislation laying out government steps to safeguard the supply of crucial goods. The new document spells out the conditions needed for critical goods or technology designation and sets broader policy on economic security.

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