Global Trade Alert
Global Trade Alert

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Japan: Government announces financial aid to Nidec for strengthening production capacity

Description

On 28 July 2023, the Japanese Ministry of Economy, Trade and Industry announced that Nidec Drive Technology Corporation would receive a financial grant of up to JPY 5.8 billion (USD 40.1 million) to e...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

28 Jul 2023

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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