The Japanese government is handing out subsidies to companies willing to move their supply chains away from China, but analysts say it will unlikely result in any large-scale exodus.
As part of a record stimulus package unveiled amid the coronavirus pandemic and designed to keep the national economy afloat, the Japanese government has earmarked 220 billion yen ($2 billion) for companies that want to move production back to Japan.
The diversification program also provides a further 23.5 billion yen ($219.5 million) for firms that want to shift manufacturing to Southeast Asia.
But all five Japanese companies contacted by the South China Morning Post said they intended to continue to manufactur
May 13, 2020