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Japan to set up $4.4 billion 'vaccine fund' under economic package

Oct 14 (Japan Times) - Japan plans to set up a Y500 billion ($4.4 billion) fund aimed at supporting firms developing vaccines for infectious diseases and new drugs, under the first economic package to be drawn up since Prime Minister Fumio Kishida took office last week, government sources said Wednesday.

Kishida has vowed to strengthen the government’s coronavirus response, as well as Japan’s science and technology. The idea for the fund has come as Japanese companies have lagged behind foreign rivals in the development of COVID-19 vaccines and the country has had to rely on foreign doses.

Japan will “establish the world’s top-class research and development base for vaccines,” a draft plan said.

Under the economic package, to be compiled after an Oct. 31 Lower House election, the government will also expand what is known as a “university fund” by ¥600 billion in a bid to enhance research activities and make Japan a nation of science and technology, according to the sources.

The fund, worth Y4.5 trillion, is scheduled to be launched by March to help Japanese universities invest in future research. Kishida is seeking to expand it eventually to around ¥10 trillion.

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Copper roofing panels were stolen from several shrines in Hamamatsu, Shizuoka Prefecture, including a city-designated cultural property, in the latest case amid a nationwide surge in copper thefts targeting shrines and temples across Japan, where soaring metal prices have fueled crimes that leave historic religious buildings damaged, exposed to the elements, and facing repair costs of millions of yen.

Flames broke out on the morning of May 20th on Miyajima Island in Hiroshima Prefecture, home to one of Japan's World Heritage sites, destroying Reikado Hall near the summit of Mount Misen.

Uncertainty surrounding the situation in the Middle East is beginning to affect daily life in Japan, as concerns over crude oil supplies spread to restaurants, cleaning services and even household garbage disposal systems across the Kansai region.

A 25-year-old woman arrested as a suspected ringleader in a robbery-murder case in Tochigi Prefecture once posted cheerful dance videos on social media and was remembered by those who knew her as an energetic and outgoing young woman.

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A fire that broke out in Kagamino, Okayama Prefecture, shortly after noon on May 20th destroyed three buildings, including a home, after flames from open burning spread to dead leaves and then to nearby structures.

Six people, including a senior member of a group affiliated with the Sumiyoshi-kai crime syndicate's Kohei-ikka faction, have been arrested on suspicion of opening a gang office in a prohibited area near a nursery school in Tokyo's Itabashi Ward.

A man who visited a police station in Hiratsuka, Kanagawa Prefecture, in the early hours of May 21st allegedly sprayed a transparent liquid inside the building, causing six police officers to complain of eye and throat pain and be taken to hospital with minor injuries.

The Tokyo Metropolitan Police Department held a review ceremony for its riot police units at Meiji Jingu Gaien in Tokyo on May 20th, with around 1,700 officers marching in formation as part of a large-scale demonstration of security preparedness.

A 25-year-old woman arrested as a suspected ringleader in a robbery-murder case in Tochigi Prefecture once posted cheerful dance videos on social media and was remembered by those who knew her as an energetic and outgoing young woman.

Two women were found dead with stab wounds at a house in Tatsuno, Hyogo Prefecture, on May 19th, with police suspecting they were victims of a violent crime.

Bear attacks continue to occur across Japan, while a new problem has emerged as false reports of bear sightings flood local alert systems, placing growing pressure on municipal authorities and emergency responders.

A man in his 30s was referred to prosecutors after allegedly feeding a chocolate snack to a marmot at an animal cafe in Osaka Prefecture, despite the risk that the treat could cause poisoning or even death in the squirrel-family animal.