Japan to spend $1.7 bln to develop cleaner cars

Newswire

TOKYO, May 28 (Reuters) - Japan plans to spend more than 200 billion yen ($1.7 billion) over the next five years to help companies develop cheaper hybrid cars and cleaner fuels in order to cut the use of fossil fuels and greenhouse gas emissions, the Trade Ministry said on Monday. The plan follows a proposal by Prime Minister Shinzo Abe last week to halve global emissions by 2050, but the ministry did not specify a target for Japan's own emission reductions. The government plans to ...

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