A survey conducted by three leading newspapers reveals that around 60% of Chinese and South Korean corporate leaders say they find it difficult and would prefer not working with Japanese firms, in light of tense diplomatic relations between their countries. However, the same survey showed that 80% of Japanese executives see no problem with working with companies from either countries.
The poll was conducted by Nikkei of Japan, South Korea’s Maeil Business Newspaper, and China’s Global Times last December, even before Japan Prime Minister Shinzo Abe’s much talked about visit to the controversial Yasukuni Shrine. Japan’s relations with the two countries have been tense due to a number of territorial disputes and historical issues. The survey also showed that only 13% of Chinese firms are willing to let go of the diplomatic issues and separate them from their work dealings. The Nikkei said that the executives from the three countries have different opinions on “cooperating amid political tensions.”
Meanwhile two-thirds of those polled believe that the Southeast Asian region is the most promising market, as it is a “fertile ground” for more investments, with its population of 600 million. Only 38% said that China was still the best market for Japanese firms to expand in, down 8% from last year. “China plus one” is the current buzzword among Japanese companies, meaning they are to look for more opportunities outside of the world’s second largest economy, as the political situation will not become better anytime soon.
[ via Jakarta Globe ]
Comments Off on JDP Startup Corner: Pros & Cons of Working with a Partner in Japan