According to Kyodo News Agency on August 17, according to Kyodo news agency, a survey results released by Japan’s Trade Promotion Agency (JETRO) on August 16 showed that Japanese enterprises tend to expand production and operation activities in Southeast Asia and reduce their business scale in China due to the escalating tension between China and the United States. According to a survey conducted at the end of last year, 41% of Japanese enterprises are considering expanding their business in Vietnam in the next three years, an increase of 5.5% over the same period last year; 36.3% of Japanese enterprises are considering expanding their business in Thailand, an increase of 1.5%; and 48.1% of Japanese enterprises are considering expanding their business in China, down 7.3% year-on-year. < / P > < p > the survey was conducted by JETRO in November and December 2019, and representatives of 9975 Japanese companies operating abroad participated in the survey.
, novel coronavirus pneumonia, on the other hand, is estimated that about 80% of Japanese businesses who are doing business overseas will predict that the turnover of Japanese enterprises will decline this year due to the shrinking demand in the market. The novel coronavirus pneumonia also led to a sharp decline in Japanese investment in the Asian market. In the first five months of this year, Japan’s investment in Indonesia fell by 75% compared with the same period in 2019, and its investment in ASEAN fell by 35.5%.