Japan eyes long-term tax breaks for chips, batteries, biotech – Nikkei Asia

Measures aim to spur investment at home in fields crucial to economic security
TOKYO — The Japanese government is considering tax breaks to lower production costs in such fields as semiconductors, batteries and biotechnology, part of measures to strengthen the ability of corporations to supply important goods.
It hopes to include long-term tax breaks in economic measures to be finalized next month. Prime Minister Fumio Kishida is expected to announce the main points of the economic package as early as Monday.
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