Mitsubishi Materials Corp. is in the final stages of setting up a fund that will be used to pay compensation to thousands of Chinese people forced to labor in Japan during World War II, it was learned Sunday.
The fund represents the final hurdle in a settlement that the Japanese company reached with the main groups of Chinese claimants in June 2016.
Under the agreement, Mitsubishi Materials will pay 100,000 yuan (about $15,000) to each of the victims and their families.