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Japan to subsidize energy-efficient plants: report

Thu, 08/19/2010 - 4:25pm
Reuters

TOKYO (Reuters) - Japan's government plans to subsidize domestic plants producing clean-energy and energy-efficient goods under steps to support the slowing economy, the Nikkei newspaper said, as the murky outlook keeps firms from boosting spending at home.

A strong yen is putting additional pressure on Japan's fragile economy, which is already seeing slowing growth and mired in grinding deflation, forcing the government to consider drafting a package of stimulus measures.

In a draft version of the stimulus package, the government plans to subsidize investment in domestic plants manufacturing goods such as lithium battery cells for electric vehicles, the Nikkei said on Friday.

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