Few Japanese firms take steps toward economic security, government paper finds

Only about 30% of Japanese companies have taken substantive measures to ensure economic security, such as diversifying procurement sources and strengthening cybersecurity.

A government paper released on May 29 shows limited action by Japanese firms on economic security.

Only around 30% have implemented steps including diversifying procurement sources and bolstering cybersecurity.

The findings point to ongoing issues in supply chains and manufacturing.

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Japan has approved 18 officials to manage economic security information under a new clearance system.

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The government will shift its focus to an overall assessment that places an emphasis on basic functions to protect lives and livelihoods, under annual guidelines due next month.

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