The Japanese government is currently evaluating the possibility of establishing a new agency dedicated to economic security. This initiative aims to strengthen the country’s economic resilience and protect its interests in a rapidly changing global landscape.
Economic security encompasses various aspects, including safeguarding critical industries, ensuring supply chain stability, and protecting sensitive technologies from foreign threats. As Japan faces increasing competition and geopolitical tensions, particularly in the Asia-Pacific region, the government recognizes the need for a coordinated approach to address these challenges.
The proposed agency would likely work in conjunction with existing governmental bodies, such as the Ministry of Economy, Trade and Industry (METI) and the Ministry of Foreign Affairs, to develop strategies that enhance Japan’s economic security.
Source: news.yahoo.co.jp