Japan expands 'China exit' subsidies for moves to Southeast Asia

Prime Minister Suga to announce plan during ASEAN tour in first official trip

20201014N Vietnam factory

A Vingroup factory outside Hanoi. Japan hopes to encourage manufacturers to add capacity in Southeast Asia without pulling out of China entirely. © Reuters

KOSUKE TAKEUCHI, Nikkei staff writer

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.

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