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Japan to pay firms to leave China, relocate production elsewhere as part of coronavirus stimulus

Summary:
More than US billion of the country’s record economic stimulus package will be used to help companies move production away from China The move coincides with what should have been a celebration of friendlier ties between the two countries, before the pandemic struck Japan to pay firms to leave China, relocate production elsewhere as part of coronavirus stimulus

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  • More than US$2 billion of the country’s record economic stimulus package will be used to help companies move production away from China
  • The move coincides with what should have been a celebration of friendlier ties between the two countries, before the pandemic struck

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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