Japan provides $1.4bn in subsidies to Imabari, other shipbuilders

Government takes first step in industry revival plan to double capacity by 2035 New cranes and hull block facilities are part of Imabari Shipbuilding's capital spending plans. (Imabari Shipbuilding) TOKYO –The Japanese government has announced 213.1 billion yen ($1.37 billion) in aid over a decade to Imabari Shipbuilding and others in a first round of support for capital spending in the shipbuilding industry.

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