ANNOUNCEMENT 24 May 2013In May 2013, the government of Japan announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
Japanese Ministry of Economy, Trade and Industry. ?. Available at http://www.meti.go.jp/press/2013/05/20130524002/20130524002.html
Announced 24 of May 2013, the Ministry of Economy, Trade and Industry announced subsidy program to promote investment in advanced equipment as measures to deal with yen appreciation and energy constraints. 532 Companies were chosen to be subsidied and the total amount of subsidy is 97 billion yen.
There were a variety of sctors which were subsidied, such as general machineries, electoric machineries, transportation machineries, chemical products, IT. The chosen companies include some well-known comapnies, such as Hitachi, Nissan, Panasonic.
The main aims were either development of the efficiency of energy or develpment of producing the components of the final product of the core. For example, Hitachi was susbsidied to develop the production of luxury metal products.
A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metric, the state aid proposed here is discriminatory.