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Japan will 'infuse' $65 billion into the semiconductor and AI industries. The Minister of Economy: Will not raise taxes to fund.
①Japan's newly appointed Prime Minister Shigeru Ishiba promises to provide over 10 trillion yen (approximately $65 billion) in support for the semiconductor and AI industries; ②Ishiba hopes that this funding framework will spur over 50 trillion yen of public and private investment over the next decade; ③Minister of Economy, Trade and Industry Yoichi Muto stated that the government will not raise taxes to fund the new framework.
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