Global Trade Alert
Global Trade Alert

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

Announcement

28 Jul 2023

In June 2023, the Ministry of Economy, Trade and Industry announced providing a financial grant to Nidec Drive Technology Corporation to strengthen its production of control equipment for industrial robots.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

28 Jul 2023

Revocation date:

No revocation date

Updated: 28 Jul 2023
Financial grant In force

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) t...

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