Japan won't raise taxes to fund $65 billion chips aid, industry minister says

TOKYO : Japan's government is not planning any tax hike to finance its 10 trillion yen ($65 billion) plan to support domestic semiconductor and artificial intelligence projects, industry minister Yoji Muto said on Tuesday. Muto's remarks came a day after Prime Minister Shigeru Ishiba unveiled the aid to boost the country's technology sector but said the government will not issue deficit-covering bonds to fund the plan. ($1 = 153.

9600 yen).