IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 31 Aug 2011 | Removal date: open ended

Capital injection and equity stakes (including bailouts)

On August 31st, 2011, the Innovation Network Corporation of Japan (INCJ) announced that it would invest 200 billion yen (2.6 billion USD) into a tripartisan-formed company (Sony, Toshiba and Hitachi) called Japan Display Co., which will be operated by INCJ. The newly-formed INCJ-operated company will focus on the production and sales of high definition displays (TVs, phones, tablets etc). The company will also focus on the acquisition of competitors. 

About the Innovation Network Corporation of Japan (INCJ)
In 2009, INCJ was created as a public-private investment fund to financially support industries "next-generation businesses". INCJ supports projects that "combine technologies and varied expertise across industries and materialize open innovation.". According to the INCJ website, the fund has an investment capacity of up to USD 20 billion. Although characterized as a public-private partnership, in fact only 0.1 billion of the 2.6 billion USD invested in the fund was provided by the private sector. The rest came from the Japanese government. Of the 0.1 billion USD said to be contributed by the private sector, 13.6 million USD was in fact provided by the Development Bank of Japan, a state-owned bank.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

473 Broadcast recording apparatus; microphones, loudspeakers, etc.
8528 Monitors and projectors, not incorporating television reception apparatus; reception apparatus for television, whether or not incorporating radiobroadcast receivers or sound or video recording or reproducing apparatus.
852851 Of a kind solely or principally used in an automatic data processing system of heading 84.71
852859 Other

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