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Japan's Chip Spree Aims to Kick Economy Into High Gear

(Bloomberg) -- Japanese Prime Minister Fumio Kishida’s ambitious ¥4 trillion ($27 billion) spending spree to revive the nation’s semiconductor industry also aims to help re-orient the economy back to a positive growth cycle sought by the government and central bank.Most Read from BloombergYour 401(k) Will Be Gone Within a DecadeLargest Covid Vaccine Study Yet Finds Links to Health ConditionsCapital One to Buy Discover for $35 Billion in Year's Biggest Deal Stocks Fall Before Nvidia’s Must-Watch

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Japan's chip spree aims to kick economy into high gear

The government’s chip strategy aims to triple domestic chip sales to around ¥15 trillion by 2030.

Chitose , Japan-general- , Japan , Tokyo , Yuto-oikawa , Fumio-kishida , Prime-minister-fumio-kishida , Kumamoto-prefecture , Chipmakers , Apanese-economy , Ech