Japan plans 10-year tax break in five areas including EVs, chip production

Japan plans 10-year tax break in five areas including EVs, chip production

A staff member hooks up a charging cable to an electric vehicle (EV) at a charging station in Liuzhou, Guangxi Zhuang Autonomous Region, China July 31, 2017. REUTERS/Stringer/File Photo

The Japanese government is planning to offer tax incentives for a decade to boost mass production in five areas including electric vehicle (EV) production and semiconductor devices manufacturing, Nikkei Asia reported on Wednesday.

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