Japanese companies are concerned about Prime Minister Shinzo Abe’s forceful diplomacy with neighbors like China, at a time when demand from Asia’s giant appears to be ebbing, a Reuters survey showed.
More than half the executives in the Reuters Corporate Survey said demand from China is peaking or declining.
The survey showed a quarter are concerned about the impact of Abe’s approach to foreign policy, which has inflamed tensions with China and South Korea. Forty-six percent said it has not affected them, and 29 percent said they were unsure.
Japan’s ties with China and Korea have worsened over bilateral territorial disputes and a feeling in Seoul and Beijing that Tokyo has not atoned for its wartime aggression, especially with Abe’s December visit to the Yasukuni shrine, which Japan’s neighbors consider a symbol of its wartime and colonial brutality.
via Reuters
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.