Japan won’t raise tariffs to fund 65 billion chips, industry minister says Reuters

TOKYO (Reuters) – Japan’s government is not ruling out any tax hikes to finance its 10 billion yen ($65 billion) plan to fund domestic and artificial intelligence projects, industry minister Yoji Muto said on Tuesday.

Muto’s words came a day after Prime Minister Shigeru Ishiba presented aid to develop the technology sector in the country but said the Government will not issue deficit-covering bonds to fund the project.

($1 = 153.9600 yen)