The Japanese government has passed a bill supporting 5G developing across Japan. The government will submit the bill to the parliament and aims to bring it to effect in mid-2020.
According to a report by Reuters (Tokyo):
“Japan’s cabinet approved a bill to support companies to develop secure 5G mobile networks and drone technologies amid growing alarm among Tokyo policymakers over the increasing influence of China’s 5G technology. The bill will give companies which develop such technologies access to low-interest rate loans from government-affiliated financial institutions if their plans fulfill standards on cyber security.
“Companies that adopt 5G technologies can also get tax incentives if they meet standards set by the government, according to the bill.
“In December 2019, Japan unveiled tax measures aimed at encouraging companies to spend their cash piles on start-ups and other investments and stimulating a slowing economy, while also helping firms to compete with China’s advance in 5G technology.”
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