Less than 3% of Japanese companies operating in Russia have decided to withdraw following its invasion of Ukraine — the lowest proportion among the Group of Seven nations, a recent survey shows.
A considerable number of Japanese companies were cautious about exiting from Russia, with many only suspending operations in the hope of resuming business in the future, the survey indicated.
Only 4, or 2.4%, of the 168 Japanese companies operating in Russia had decided by June 19 to cease business in the country, according to analysis by Teikoku Databank based on the survey conducted by the Yale School of Management in the United States covering around 1,300 major companies worldwide.