Monthly Japanese Industry and Policy News March 2024

Topics covered on the March 2024 issue:

・This was compiled by Weekly Japanese Industrial and Policy News.

Legislation and Policy News
-    Offshore wind power generation expands into EEZ
-    Japan, the US, South Korea and Australia will contribute $33 million to IPEF's decarbonization fund
-    Bank of Japan cancels negative interest rate
-    747 organizations participate in GX League
-    Next-generation fighter jets can now be exported to third countries
-    Digital Agency will formulate data distribution guidelines this fall
-    A council on nuclear fusion with 50 companies launches 

Survey and Business Data
-    Global PC demand will increase by 0.4% in 2024, recovering due to replacement demand

Company & Organization News
-    Toshiba signs contract with Belgian company for hydrogen production equipment technology
-    Murata Manufacturing reduces fossil fuel consumption by up to 53% during exhaust gas treatment
-    JOGMEC signs joint copper exploration agreement in Ecuador
-    Mitsubishi Corporation develops lithium mine in North America, moves away from China through local refining
-    JAPEX creates new businesses such as CCS/CCUS and blue hydrogen in Canada
-    Itochu and Softbank invest in U.S. nuclear fusion power generation startup
-    Google establishes cyber defense base in Tokyo, first in Asia Pacific
-    Idemitsu Kosan invests in Australian company producing SAF
-    Sumitomo Mitsui FL and TES enter storage battery recycling business with pole companies
-    Private small rocket explodes and launch failure
-    Mitsui E&S succeeds in hydrogen combustion operation for the first time in the world in a large marine engine
-    Hitachi Zosen tests methanation in Oman
-    PET bottle recycling factory by France's Veolia and others begins operation
-    Mitsui O.S.K. Lines, Idemitsu Kosan, and HIF jointly develop synthetic fuel/synthetic methanol supply chain
-    Eight Gas companies including Tokyo Gas and Osaka Gas establish international organization to promote synthetic methane
-    Sakana AI evolves through new methods and “combination” of multiple technologies
-    JERA considers purchasing ammonia from Exxon
-    NEC and Skyloom collaborate to develop 100Gbps space optical communication technology
-    JX Nippon Oil & Gas Exploration Corporation collaborates with Chevron subsidiary on CCS

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