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Supply Chain

Japan to vet supply chains for chips, batteries under economic security law

Businesses fret over details and predictability of new safeguards

Semiconductors are a key focus of Japan's proposed economic security legislation, given their importance in smartphones, automobiles and other products.   © Reuters

TOKYO -- Japan's government will seek the authority for sweeping reviews of supply chains for semiconductors, storage batteries, rare-earth elements and other vital products under proposed economic security legislation, aiming to ease foreign dependence.

Designed to help guard against security risks and supply chain disruptions, the package was approved Friday by Prime Minister Fumio Kishida's cabinet and is seen passing the parliament by the end of the current session.

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