Japanese companies are retreating from China at a historic rate amid diplomatic freezes
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As of June, the number of Japanese companies operating in China dropped to a historic low of 10,118, according to Teikoku Databank. This figure is down 22% from June 2024 and about 30% below the 2012 peak. The exodus is driven by a slowing Chinese economy, tariff risks, rising costs, and a diplomatic freeze following Prime Minister Sanae Takaichi's comments on Taiwan.
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