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Japanese production will leave China

According to "Business Japan", in order to support the country's economy, large Japanese firms are planning to move foreign production home.

To this, they are encouraged by the weakening of the yen, which is a consequence of Prime Minister Shinzo Abe's economic policy, as the cost of producing products for the Japanese market in other countries has become higher than the cost of domestic production.

Let us remind you that in the 2000s, there was a massive transfer of Japanese production to China. At that time, wages in China were lower, and the yen rate was higher. Now, due to the weakening yen and higher wages for Chinese workers, many home appliance manufacturers are reorienting to domestic production.

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