Japan stimulus plan urges promotion of chip, vaccine production - draft

FILE PHOTO: A Japan yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/Illustration/File Photo

TOKYO (Reuters) - Japan will promote the establishment of production bases for semiconductors, COVID-19 vaccines and drugs as part of the upcoming economic stimulus that Prime Minister Fumio Kishida is set to announce on Friday, a draft plan seen by Reuters showed.

The stimulus plan also urges the government and the central bank to share a strong sense of urgency while maintaining an appropriate mix of monetary and fiscal policies, the draft said.

(Reporting by Takaya Yamaguchi; Writing by Tetsushi Kajimoto; Editing by Chang-Ran Kim)

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