ANNOUNCEMENT 11 May 2011In May 2011, the government of Japan announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
this measure is reported in the WTO/OECD/UNCTAD report "REPORT ON G20 TRADE MEASURES (MID-OCTOBER 2010 TO APRIL 2011)"
Available from < http://www.oecd.org/dataoecd/20/46/47955250.pdf >
On 11 May 2011 the permanent delegation of Japan announced to the WTO their intention to provide financial aid for capital investment projects aiming at reducing the use of rare earth minerals. The financial aid will be granted to 160 projects by the Japanese Ministry of Economy, Trade and Industry. The overall budget is 33 billion yens (US$407.7 million.