Japan to Pay Companies to Keep Sensitive Patents Secret Nikkei | Technology News

by cloudnewsmag

(Reuters) – Japan will compensate companies to keep secret patents with potential military applications under proposed legislation, the Nikkei reported on Sunday, without citing sources.

Japanese Prime Minister Fumio Kishida last month pledged that he will put economic security of the nation among his policy priorities.

The framework of the legislation will be released as soon as next month, the report said, with cabinet approval scheduled for February 2022 and expected application of the measures in fiscal 2023.

(Reporting by Nishit Jogi in Bengaluru; Editing by Nick Zieminski and Dan Grebler)

Copyright 2021 Thomson Reuters.

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