Japan approves bill to help firms develop 5G, drone technologies
The bill will give companies which develop such technologies access to low-interest rate loans
PHOTO: AFP
TOKYO:
Japan's cabinet on Tuesday 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 cybersecurity.
Companies that adopt 5G technologies can also get tax incentives if they meet standards set by the government, according to the bill.
Huawei promises ‘Made in Europe’ 5G
The government will submit the bill to the parliament and aims to bring it to effect around summer. The United States has been waging a campaign against Huawei Technologies Co, which Washington has warned could spy on customers for Beijing.
Huawei has repeatedly denied those claims. The United States and some allies including Australia have shut Huawei out of 5G rollout plans, while others including Britain have allowed it a limited role.
China to France: Don't discriminate against Huawei on 5G networks
Last December, 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.
Japan's cabinet on Tuesday 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 cybersecurity.
Companies that adopt 5G technologies can also get tax incentives if they meet standards set by the government, according to the bill.
Huawei promises ‘Made in Europe’ 5G
The government will submit the bill to the parliament and aims to bring it to effect around summer. The United States has been waging a campaign against Huawei Technologies Co, which Washington has warned could spy on customers for Beijing.
Huawei has repeatedly denied those claims. The United States and some allies including Australia have shut Huawei out of 5G rollout plans, while others including Britain have allowed it a limited role.
China to France: Don't discriminate against Huawei on 5G networks
Last December, 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.