The move comes as Japan works to revitalise its chip industry, and the European Union looks to reduce its dependence on China-dominated supply chains

The rules, set to come into effect on September 1, will require Dutch companies that make advanced chipmaking equipment to seek a licence before they can export it

Supply chain negotiations are one of four "pillars" of the IPEF, which is Biden administration's main economic initiative in Asia and aims to provide the region an alternative to closer ties with China

Leaders of the G7 last week agreed to create an intergovernmental forum called the "Hiroshima AI process" to debate issues around fast-growing AI tools

Japan joined the US chip war against China on Friday, announcing restrictions on exports of 23 types of semiconductor manufacturing equipment

Japan wants to stop its advanced technology being used for military purposes and does not have a specific country in mind, the country's trade minister said

The rocket’s failure dealt a blow to Japan’s efforts to cut the cost of accessing space and compete against Elon Musk's SpaceX

Japan increased its defence budget for the upcoming financial year in response to heightened regional tensions with China, Nikkei said

Japan is a major supplier of machines used to make leading-edge semiconductors that could come under new restrictions

For the whole of 2022, Japan logged a trade deficit of 19.97 trillion yen, the second straight annual shortfall and the biggest in more than four decades

Japanese Prime Minister Fumio Kishida is set to meet US President Joe Biden on Friday, with a focus on chip export controls, critical technologies, global economy and joint security issues

Mergers and acquisitions involving Japanese companies were the highest recorded last year since data was first tracked in 1985