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This Article is From Oct 07, 2019

One in Four Japan Employees Want to Cut Back Business Ties With China

One in Four Japan Employees Want to Cut Back Business Ties With China

(Bloomberg) -- About one out of every four Japanese company employees feels the nation should cut back on business links with China, while around 60% believe the status quo should remain, the Nikkei said, citing its own survey.

In a poll of about 1,000 Japanese company employees and executives in charge of China business relations, 23.9% said businesses should reduce the size of their operations related to China, while 60.4% wanted current ties maintained and the situation monitored, the newspaper reported Saturday. Some 7.4% of respondents said they believed links with China should be expanded, according to the survey.

The survey results show that business people believe a prolonged trade dispute between the U.S. and China could disrupt the manufacturing supply chain Japan has built by causing decoupling of the countries' economies, the Nikkei said.

--With assistance from Emi Urabe.

To contact the reporter on this story: Min Jeong Lee in Tokyo at mlee754@bloomberg.net

To contact the editors responsible for this story: Shamim Adam at sadam2@bloomberg.net, Stanley James

©2019 Bloomberg L.P.

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