Affected by the domestic economic downturn, the Japanese government announced in advance a new economic stimulus package totaling 920 billion yen (about 10.8 billion US dollars). It is reported that the stimulus plan financing budget comes from the government reserve fund in fiscal year 2009-10. The plan is scheduled to be submitted to the National Assembly for approval on September 10 and will be implemented at the end of September. In order to avoid the “industrial vacuum†caused by the appreciation of the yen, the government decided to establish a subsidy system to promote the establishment of environmentally-friendly production bases such as light-emitting diodes (LEDs) and lithium batteries in China. Enterprises invest in China. Japan has repeatedly introduced subsidies for LED lamps and enterprises, basically subsidizing the way to promote green innovation and low-carbon industries, but it is the first time to directly indicate subsidies for LED companies. Review of Japan's subsidy policy: On January 28, 2010, it was approved to pass the second supplementary budget of the Ministry of Economy, Trade and Industry in 2009 with a budget of 268.13 million yen. Among them, there are many support budgets related to the LED lighting industry. The specific contents of the budget include: (1) 23.21 billion yen for extending the eco-point system (delayed until the end of 2010); (2) for IT technology's low-carbonization process of 5.47 billion yen; (3) 990 million yen to promote green innovation; (4) to support the promotion of employment opportunities in Japan to create low-carbon industries 299.7 billion yen. In April 2010, the Japanese government will begin to implement an environmental product credit system. If you purchase LEDs, you can get environmental protection points in exchange for government subsidies.
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