Japan designates 11 fields including semiconductors, batteries, and rare earths as key resources

According to Japanese media news, on December 20, Japan designated 11 key areas, including semiconductors, batteries, and rare earths, as key items that require stable protection even in emergencies.

This move is based on the "Economic Security Promotion Law" promulgated in May this year, which is intended to guarantee the supply of strategic resources that are directly related to economic security but heavily rely on overseas resources. According to the law, suppliers of such key items will be eligible for financial assistance from Japan's Capital Investment and Reserve Program.

In addition to the aforementioned semiconductors, batteries, and rare earths, the key items designated by the Japanese cabinet this time include machine tools, industrial robots, aircraft parts, ship-related equipment, cloud computing, permanent magnets, natural gas, fertilizers, and surgical and infectious disease treatment facilities. Antibiotics needed.