Japan's Shipbuilding Revival: Can It Compete with China and South Korea?
Japan is making a bold move to revitalize its struggling shipbuilding industry with a $7bn fund and consolidation of top firms. Can it catch up with China and South Korea's massive subsidies?
In this episode of the UK Business Morning, Alice and Lewis explore Japan's ambitious plan to revitalize its shipbuilding industry. With a $7bn fund and consolidation of top firms, Japan aims to become a global leader in shipbuilding. The episode discusses the challenges Japan faces, including high labor and material costs, and the impact of massive subsidies from China and South Korea. We also look at the potential for Japan to lead in low-emission vessels and how US support might help the country compete. Join us as we examine the future of Japan's shipbuilding industry and whether it can successfully reclaim its place in the global market.
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