Japan Approves $87.2 Billion Extra Budget, Allocates $13.3 Billion for Semiconductor Industry, Fiscal Loans, Investments Amid Record High Current-Account Surplus

In addition to the $13 billion in subsidies, Japan plans to increase fiscal loans and investments to further boost the supply chain. This is part of the $87.2 billion extra budget approved by the cabinet to support Prime Minister Fumio Kishida's economic package, which aims to stimulate economic recovery and strengthen Japan's semiconductor industry.