Japanese Minister of Economy, Trade and Industry Masayuki Naoshima said on Friday MET launched emergency plan for higher yen rate and deflation after the cabinet approved 3 steps economy plan for new growth strategy. METI supports new domestic plants for green industry including eco-friendly vehicle, lithium ion battery and light emitting diode by providing subsidiary. METI secures around 110 billion yen of budget for employment in low carbon encouraging industry.
METI also extends eco-point system for eco-friendly appliances for 3 months from original time frame through December while METI limits the targeted products during the extension period. The government secures 85 billion yen budget for the extension. METI also extends eco-point system for eco-friendly house for a year from original time frame through December. The government secures near 140 billion yen for the extension.Japan Steel Scrap Composite Prices (Sangyo Press)
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