Government and ruling party seek to strengthen maritime capabilities
A shipyard in Fukuyama, Japan. "Reviving the shipbuilding industry is critically important for our economic security," Economic Security Minister Minoru Kiuchi said on June 20. (Photo by Kotaro Abe)
TOKYO -- The Japanese government and ruling Liberal Democratic Party are drafting policies to revitalize the country's shipbuilding industry, including a plan for the government to construct or rehabilitate shipyards.
The proposal will be submitted to Prime Minister Shigeru Ishiba on Friday by the LDP's Headquarters for Promoting Economic Security, chaired by Takayuki Kobayashi. It will urge that a detailed plan be produced by the fall that outlines specific support measures, a timeline for implementation, and the predicted levels of private and public sector investment.
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