AGP Executive Report
Last update: 8 hours agoSemiconductors: Japan is backing two GlobalFoundries chip plants in New York with up to $21 billion, deepening US-Japan cooperation on production and economic security. Manufacturing: Industrial output fell more than expected, while August core machinery orders rose 5.2%; Mazda is also bringing wire-harness production back to Japan, using robots to make domestic manufacturing more efficient. Transport: JR Central plans to introduce autonomous Shinkansen trains in 2029, with systems to manage speed and braking; Japan is also testing automated freight operations and expanding port automation. Energy Security: The government plans state-backed marine insurance to support oil shipments as shipping risks and costs mount. METI and the GX Acceleration Agency will convene an October 26 summit on transition finance and industrial decarbonization.
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