Japan announced it will spend $2.2 billion to help its manufacturers shift production out of China. The measure is part of the massive $989 billion financial stimulus that the government announced on April 7 to combat the economic impact of the coronavirus pandemic.

220 billion yen $2 billion of the package is intended for companies shifting production back to Japan and 23.5 billion yen is for those seeking to move production to other countries.

China is Japan’s biggest trading partner. Ho...