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Japan chip, battery supply chains to tap $1bn in state bank investment

TOKYO -- The government-backed Development Bank of Japan will invest more than 150 billion yen ($1 billion) to build supply chain resilience in semiconductors, batteries and other industries vital to the nation's economic security, Nikkei has learned.

The investments will be spread out over two years from fiscal 2024 and take the form of capital injections and subordinated debt.