Japan firms stop China operations | Bangkok Post: business

Business > News

Japan firms stop China operations

Published: 17 Sep 2012 at 15.48
Online news: News

Japanese firms including Panasonic suspended operations at plants in China, companies and reports said Monday, after mass anti-Tokyo protests at the weekend over disputed islands in the East China Sea.

Police walk past a closed Japanese restaurant covered with Chinese national flags as anti-Japanese protests continued outside the Japanese Embassy in Beijing over the Diaoyu islands issue, known as the Senkaku islands in Japanese, on September 17, 2012.

Speaking in Tokyo, US Defense Secretary Leon Panetta called for diplomatic efforts to resolve the worsening spat, a day after warning "misjudgement on one side or the other could result in violence, and could result in conflict".

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

Your comments

franklin
Post : 1,268
Send message

Discussion 2 : 24 Sep 2012 at 17.162
Post this to my Facebook
In the long run, I see great opportunities on the horizon for Myanmar as much as any other Asian country. The people are ready, able and willing to learn and work and the labor force is as comparatively inexpensive as China. There is more ownership and control available and start-up companies will have input as to the best location to base companies. Granted, the Myanmar infrastructure is antiquated but now they will have a chance to modernize and, hopefully, get it right the first time. For as long as other Asian countries have had the opportunity to stay on par with improvements to roads and rail, they have fallen woefully behind due to corruption and poor planning. Myanmar can only improve and my bet is that it could happen quicker than many predict now. The Japanese also have a past with Burma when it was nearly colonized as was Thailand. If the deep water port in Dawei happens then imports and exports will also be made easier. As far as the whole ASEAN thing goes, well it has been around since 1967 and I’ve not noted any great accomplishments yet. So, if push came to shove, where might Japan relocate from a dispute with China? Place your bets.
Like dislike 7 people liked / 0 people disliked this comment
khunbj
Post : 1,123
Send message

Discussion 1 : 17 Sep 2012 at 16.061
Post this to my Facebook
This will ironically bring even more Japanese investment to Thailand when Japanese companies look for foreign manufacturing of cars etc......Exporting cars & electronics to China from Thailand is easy, labor force is stable and already skilled and prices in China are going up constantly, this year minimum wages were around 7500 THB and workers were striking as it is not enough to live for...
Like dislike 4 people liked / 1 people disliked this comment