Experts in Japan have recommended that the government expand support for private companies venturing overseas by absorbing loss risks to enhance economic security.
On October 10, an expert council on economic security submitted recommendations to Minister of Economic Security, Kimi Onoda, advocating for the Japanese government to support private companies expanding overseas by broadening the acceptance of loss risks. This suggestion follows Prime Minister Sanae Takaichi's directive last fall to study amendments to the Economic Security Promotion Law. Consequently, the government plans to present a revised bill at the special National Assembly session scheduled for the 18th of this month. The recommendations emphasize the need for support for Japanese companies involved in strategic projects, particularly those pertaining to infrastructure in the Global South, to strengthen transport networks and facilitate the overseas deployment of critical technologies.
