Japanese Govt Eyes U.S. Cooperation in Reviving Shipbuilding Industry

Japanese Govt Eyes U.S. Cooperation in Reviving Shipbuilding Industry

The government will launch measures to revive the shipbuilding industry, which has been declining for a long time, according to sources. It will support the private sector in the construction and repair of shipbuilding docks and in starting businesses overseas.

Japan-US Shipbuilding Revitalization Fund under discussion

The Japanese government will issue a major new shipbuilding directive next month, aimed to revive an industry it used to lead the world in, as well as using the nation’s yards as a bargaining chip in trade talks with the Donald Trump administration in the US.  Using the 2022-promulgated Economic Security Promotion Act, Tokyo will aim to revive dormant shipbuilding and repair docks and support the construction of new shipbuilding facilties both a…