HomeLatestOver half of Japan firms need secure financial ties with China: survey

Over half of Japan firms need secure financial ties with China: survey

TOKYO, Sept. 26 (Xinhua) — A current survey of main Japanese firms confirmed greater than 50 % imagine the financial ties between Japan and China ought to stay secure, a Japanese media outlet has reported.

The survey, revealed on the Sankei Shimbun web site on Aug. 11, confirmed greater than 50 % Japanese firms imagine the financial relations between Japan and China ought to stay secure, whereas none mentioned they “should keep a greater distance.”

September marks the fiftieth anniversary of the normalization of diplomatic relations between China and Japan. Many Japanese firms mentioned that China is a large neighboring market that can’t be ignored.

In phrases of GDP, China overtook Japan to turn into the second largest economic system on the earth and the hole between the 2 international locations is widening, the report mentioned.

When requested in regards to the excellent state of financial relationship between Japan and China, 34.7 % of respondents mentioned it “should maintain the status quo as the goal”, whereas 6.8 % replied “should further expand.” About 12.7 % mentioned it ought to be barely expanded.

Companies that answered “should further expand” or “should expand slightly” additionally mentioned “China is deeply integrated into the world economy. It is necessary to develop economic and political relations between Japan and China,” in keeping with the survey.

Regarding the query of the specified distance of Japan and China of their financial relations, solely 2.5 % mentioned they need to keep a bit of distance, whereas none mentioned they “should keep a greater distance.”

The report identified that many firms imagine that for Japan, China is “the largest trading partner country”, and “without China, an economic superpower, it is unrealistic to build foreign economic relations.”

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