Japan Inc makes a renewed U.S. push as China fears mount

==========

Japanese companies are increasingly focusing on the United States as concerns about Chinese demand and Beijing's influence over supply chains grow. Companies such as Yaskawa Electric, Asahi, Renesas Electronics, and Honda have expressed interest in expanding in the U.S. or have announced plans to do so. While Japan remains tied to China through trade and manufacturing operations, Tokyo has pledged to limit supply-chain exposure to China. The caution is due to economic security risks, pessimism about Chinese demand, and a weakening economy. Japanese automakers are particularly interested in the U.S. market as their sales decline in China. Toyota plans to boost investment in its EV battery plant in North Carolina, while Honda will invest in transforming its Ohio plants into an EV hub. However, Japan Inc remains heavily reliant on China as a manufacturing base and market. Last year, mainland China was Japan's largest source of imports and its second-largest export market. The United States was its top export market. Some companies see the U.S. market as a better long-term option, while others are unable to leave the Chinese market due to their reliance on it.

#JapanInc #China #UnitedStates #SupplyChains #Trade #Manufacturing #Automakers #EvBattery #Investment

https://finance.yahoo.com/news/analysis-japan-inc-makes-renewed-081418124.html