Corporate Japan Wants Better Diplomatic Relationship With China

Japanese companies are concerned about Prime Minister Shinzo Abe’s forceful diplomacy with neighbors like China, at a time when demand from Asia’s giant appears to be ebbing, a Reuters survey showed.

More than half the executives in the Reuters Corporate Survey said demand from China is peaking or declining.

The survey showed a quarter are concerned about the impact of Abe’s approach to foreign policy, which has inflamed tensions with China and South Korea. Forty-six percent said it has not affected them, and 29 percent said they were unsure.

Japan’s ties with China and Korea have worsened over bilateral territorial disputes and a feeling in Seoul and Beijing that Tokyo has not atoned for its wartime aggression, especially with Abe’s December visit to the Yasukuni shrine, which Japan’s neighbors consider a symbol of its wartime and colonial brutality.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza