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Market Chatter: Japan to Unveil New Indo-Pacific Plan in Vietnam

-- Japan is preparing to roll out a revised Indo-Pacific strategy that places supply chain resilience and economic security at its core, with Prime Minister Sanae Takaichi set to present the plan during a visit to Vietnam, Nikkei reported Thursday.

The trip, which also includes Australia, will focus on strengthening regional cooperation, particularly with Southeast Asian economies. The updated framework reshapes the approach first introduced in 2016 to reflect intensifying rivalry over critical technologies and resources, according to the report.

At the center of the plan are efforts to secure key materials such as rare earths, diversify energy sourcing, and reduce exposure to disruptions seen during recent global crises. Japan also aims to expand collaboration in areas such as artificial intelligence, semiconductors and quantum technology through greater public and private investment, the report said.

Security ties will be reinforced through expanded use of defense assistance programs that supply equipment to partner countries, alongside development aid to deepen economic links, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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