https://www.reuters.com/technology/japan-pay-companies-keep-sensitive-patents-secret-nikkei-2021-12-25/

 
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December 26, 20212:31 AM UTCLast Updated ago
Technology

Japan to pay companies to keep sensitive patents secret- Nikkei

Reuters

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1 minute read
Japan's National Diet Building is pictured in Tokyo, Japan, May 31,
2021. REUTERS/Kim Kyung-Hoon

Japan's National Diet Building is pictured in Tokyo, Japan, May 31,
2021. REUTERS/Kim Kyung-Hoon

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TOKYO, Dec 26 (Reuters) - Japan will compensate companies to keep
secret patents with potential military applications under proposed
legislation, the Nikkei reported on Sunday, without citing sources.

The patents under review in the proposed economic security
legislation will include technology that can help develop nuclear
weapons, such as uranium enrichment and cutting-edge innovations like
quantum technology, the financial daily said.

The Prime Minister's Office, the Cabinet Secretariat and Japan Patent
Office were not immediately available for comment outside business
hours when contacted by Reuters.

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Prime Minister Fumio Kishida last month pledged that he will makethe
nation's economic security a policy priority.

His government will give compensation of roughly 20 years of
licensing income to the companies falling under the legislation, the
Nikkei said.

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

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Reporting by Nishit Jogi in Bengaluru; Additional reporting by
Kantaro Komiya; Editing by Nick Zieminski, Dan Grebler and William
Mallard

Our Standards: The Thomson Reuters Trust Principles.

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