• Kyodo

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Over half of Japanese businesses in Vietnam and India have plans to expand their in-country operations, a recent survey showed, a sign of a shift toward reducing reliance on China as a production base in what is known as a “China plus one” strategy.

In the online survey conducted by the firm Pasona Group Inc. last December, 57% of Japanese companies in Vietnam and 55% in India said they will expand operations in the host countries, compared with the average of 39% among all 11 countries and regions polled.

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