TOKYO -- Japan will significantly ramp up a program encouraging businesses to build production sites in Southeast Asia to diversify supply chains that are too dependent on China.
Prime Minister Suga to announce plan during ASEAN tour in first official trip
A Vingroup factory outside Hanoi. Japan hopes to encourage manufacturers to add capacity in Southeast Asia without pulling out of China entirely. © Reuters
TOKYO -- Japan will significantly ramp up a program encouraging businesses to build production sites in Southeast Asia to diversify supply chains that are too dependent on China.