Amid escalating anti-Japanese sentiment on the mainland, it was not surprising to hear a key Japanese tyre supplier to Toyota Motors announce that it would be scaling back its China expansion.
While China was a key market for the company, it mentioned it could just as easily supply the market from Malaysia. This must be passing through the minds of many Japanese manufacturers that have invested heavily in China.
Japanese foreign direct investment rose sharply in the past year because of the yen's strength and post-tsunami power disruptions at home.
via Business feed http://www.scmp.com/business/money/money-news/article/1049510/anti-japanese-sentiment-puts-brakes-chinese-expansion
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