Japan To Pay Companies If They Keep Their Sensitive Patents Secret

Japan will compensate companies to keep secret patents with potential military applications under proposed legislation, the Nikkei reported on Sunday, without citing sources, Reuters said.

Photo Insert: The Japan Patent Office

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.

Prime Minister Fumio Kishida last month pledged that he will make the 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.

WEEKLY FEATURE : MVP Group Keeps Lights On During Pandemic