Japan approves bill to help firms to develop 5G and drone technologies

The Cabinet on Tuesday approved a bill to support companies to develop secure 5G mobile networks and drone technologies amid growing alarm among Tokyo policy-makers over the increasing influence of China's 5G technology. The bill will give companies which develop such technologies access to low-interest rate loans from government-affiliated financial institutions if their plans fulfill standards on cyber security. Companies that adopt 5G technologies can also get tax incentives if they meet standards set by the government, according to the bill. The government will submit the bill to the parliament and aims to bring it to effect around summer. The United States has been waging a campaign against Huawei Technologies Co, which Washington has warned could spy on customers for Beijing.