The Asia Pacific Initiative, an independent think tank, recently published the results of its Economic Security Survey that covered 100 Japanese companies that play an essential role in national economic security and are susceptible to changing economic security dynamics.
The survey’s findings identify many issues that the government must carefully consider when advancing economic security policies.Three clear points emerged from the survey results:
First, the companies surveyed view the rivalry between the U.S. and China as the greatest source of geoeconomic risk. Some 75% of respondents cited uncertainty in U.S.-China relations as their greatest risk, and 60% noted that U.S.-China tensions had negatively impacted their business in some way. The 100 companies surveyed are highly dependent on American and Chinese markets: 64% reported that the U.S. made up 10% or more of sales, while 49% reported the same of China.