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Japan government sounds alarm over U.S. EV tax credits

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TOKYO — The Japanese government warned on Saturday that new electric vehicle tax credits in the United States could ultimately deter further investment by the Japanese and hit employment in the world’s biggest economy.

In a statement, the government raised a number of concerns about the tax credits in the Inflation Reduction Act (IRA), which are designed to build more resilient supply chains as the United States aims to reduce exposure to China. (Reporting by David Dolan and Mariko Katsumura; Editing by Muralikumar Anantharaman)

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