Japan offers default insurance to construction firms for 2025 Expo

The Japanese government decided Wednesday to introduce an insurance program for domestic construction firms in order to cover the costs of building pavilions for the 2025 World Exposition in western Japan in case foreign countries default on their payments. The government aims to speed up the construction of the pavilions by alleviating risks for domestic firms and by encouraging them to more actively seek orders, amid concerns about the slow progress being made by overseas participants concerning preparations for the event in Osaka. Insurance will be provided by government-sponsored Nippon Ex...