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Japan manufacturers exit China, Southeast Asia to bring production back home


The_King

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Japanese manufacturers are increasingly looking to move offshore operations to their home market, according to a Tokyo Steel Manufacturing Co. executive.

The rapidly weakening yen, global supply-chain constraints, geopolitical risks and changing wage patterns are prompting the switch, Kiyoshi Imamura, a managing director of the steelmaker, said in an interview in Tokyo last week.

Among those moving manufacturing to Japan are makers of everything from car parts to cosmetics and consumer electronics, he said, with the trend expected to accelerate towards the end of this year.

 
 
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