Japan eyes long-term tax breaks for chips, batteries, biotech

Measures aim to spur investment at home in fields crucial to economic security

Construction of TSMC's Kumamoto plant in Kyushu is almost complete. Japan is considering tax breaks to promote production of important goods in the country. (Photo by Toshiki Sasazu)

HIROYUKI AKIYAMA, Nikkei staff writer

September 24, 2023 02:54 JST

TOKYO -- The Japanese government is considering tax breaks to lower production costs in such fields as semiconductors, batteries and biotechnology, part of measures to strengthen the ability of corporations to supply important goods.