In recent days, Japanese industries have gone on high alert over the risk of losing access to the Chinese mainland market after Japanese Prime Minister Sanae Takaichi’s recent remarks on the Chinese mainland’s domestic affairs. 😟
During an interview with CGTN, Toshiyuki Yamamoto, vice-director of IMaSS Nagoya University, warned that both goods and services trade between Japan and the Chinese mainland have been affected, stirring great concern across manufacturing and service sectors in Japan. 📉
Yamamoto highlighted that the unexpected drop in orders and cautious buyer behavior is sending shockwaves through exporters and service providers alike. He emphasized the need for dialogue and careful diplomacy to prevent further damage to one of Japan’s key markets. 🤝
Industries now face a delicate balancing act: safeguarding economic ties while navigating political tensions. As companies wait to see if relations can be smoothed over, many are rethinking their strategies to stay competitive in a fast-changing regional landscape. 🌏
Reference(s):
Japan's industries worried about losing China market: Japanese scholar
cgtn.com
