How Deep is the Dependence of Japanese Major Companies on China?
After the deterioration of Japan-China relations, this is the most common phrase used by right-wing groups in Japan: "To create an economy without the Chinese market."
To avoid the danger of China, we should withdraw from China as soon as possible.
It is almost daily to see right-wing groups in Japan shouting this online.
In fact, one-fifth of Japan's exports are directed toward the Chinese market.
For the Japanese economy, China is an entity that cannot be ignored.
The weekly magazine "Bungei Shunju" thoroughly investigated the so-called "dangerous Japanese companies" directly affected by the risks of China.
It investigated all 81 companies among the 225 companies that make up the Nikkei average stock price, which disclosed their sales in China in the latest securities reports.
It examined the proportion of sales in China to the total sales and calculated the "China Sales Ratio = China Dependency Ratio" and ranked them.
The results showed that the company ranked first had a dependency on the Chinese market of 54.09%, with more than half of its sales dependent on China.
If the Chinese market were gone, it would go bankrupt directly.
In the companies that are extremely dependent on the Chinese market, there are representative Japanese enterprises such as TDK, Tokyo Electron, Sharp, Fast Retailing, INPEX, ENEOS, and holding companies.
Itochu Corporation, whose former chairman, Akira Tanaka, served as the ambassador to China and was known for his close relationship with China.
It also includes companies such as Astellas Pharma, which recently sentenced an employee to prison for espionage.
Original article: www.toutiao.com/article/1849883189642252/
Disclaimer: The article represents the views of the author.