The government plans to submit new economic security legislation to the National Parliament in the new year. Specifically, the economic security law aims to bolster supply chains for important commodities, ensure the safety of core infrastructure, nurture high technology and protect patents.
It is only natural that the government should address economic security head-on — if anything, this effort has come too late. The new legislation speaks to the fragility of the Japanese economy and the severity of the international environment surrounding Japan.
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