Japan economy · April 2026

Japan has approved an additional $4 billion in support for chipmaker Rapidus, bringing total government backing to around $16 billion, aiming to propel the domestic startup into the global AI chip manufacturing race. The government is also supporting Rapidus in securing customers for its advanced semiconductor production. A Japanese group is aiming for practical use of smart contact lenses by 2030. A survey finds that debt-laden Japan should review spending on gender equality. South Korea will pay up to $600 in aid to households over high oil and prices. A cap on foreign workers is forcing restaurants in Japan to review hiring plans.