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Survey Results Less Than 10 Percent of Japanese Firms Would Exit China

Survey Results Less Than 10 Percent of Japanese Firms Would Exit China

Only 8.7 percent of the 104 Japanese companies that responded to a survey conducted earlier this month by a Kyodo News group firm said they were planning to scale down their operations in China or pull out from the Chinese market, according to the poll released Tuesday, despite deteriorating ties between Japan and China amid a territorial dispute.

The survey by NNA Japan Co. found that 57.1 percent of the Japanese firms said they were directly or indirectly affected by anti-Japan riots that erupted across China in mid-September, but 60.6 percent said they would maintain their business operations.

The massive protests in China were triggered by Tokyo's nationalization of part of the Japan-controlled islands in the East China Sea claimed by Beijing. The islands are known as the Senkakus in Japan and Diaoyu in China.

The poll based on questionnaires underlined the strength of economic ties between Japan and China, as 30.8 percent said they were planning to expand their operations or make new investments in the country, despite the violent demonstrations.

In the survey conducted on Oct. 15-19, about a month after the anti-Japan rallies occurred in China, 37.1 percent of the Japanese companies expected the riots to have had a negative impact on their businesses by the end of March next year.

via Mainichi

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