TOKYO : China's economy is in a 'extremely difficult' situation, which may be contributing to a rising backlash against Japan over the release of treated Fukushima water into the ocean, the head of Suntory Holdings said.Even so, the global spirits giant is planning to stick to its investment plans in the
TOKYO : China's economy is in a"extremely difficult" situation, which may be contributing to a rising backlash against Japan over the release of treated Fukushima water into the ocean, the head of Suntory Holdings said.
Japan's engagement with China, already fraught from disputes over chip export controls and the Taiwan Strait, soured further this month after Tokyo's decision to release treated water from the stricken Fukushima nuclear plant. "So it may be that this kind of stress is being vented externally, perhaps toward the current issues in Japan, since this stress itself can't be resolved in the short term."
He said China remains a"very attractive" market for Suntory and hopes Beijing will make tax cuts and other reforms to help revive the private sector and fend off the prolonged stagnation that Japan has lived through.
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