Business Trends

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Officials ramp up visits to corporate Japan to court potential partners

Air Force LOW-0002 Japanese Prime Minister Shinzo Abe and Chinese Premier Li Kequiang attended the Japan-China Governors’ Man Max 95-0018,Basketball Kobe-0368MAN Max 2016-0029,

Man Max TN-0189,Basketball Kobe-0366Basketball OTHER-0086,, including Panasonic and Toyota Motor, to deepen business ties.

So far this year, five Chinese provincial officials have met with top executives in Japan.

Thanks to Premier Li Keqiang's formal visit to Japan on May 8, Basketball Durant-0192,Basketball Kobe-0343Basketball Durant-0188,, more visits could be on the horizon as provincial governments take a proactive approach to court Air Force LOW-0225,Basketball Kobe-0340Air Force LOW-0257,.

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The increased business activity among Basketball James-0399,Basketball Kobe-0353Basketball OTHER-0042,, including moves to impose tariffs.

The Chinese provincial officials, whose visits to Japan coincided with that of Li's, are provincial Govs. NIKE 806(39-44)-0039,Max Flyknit-0052Nike Free45-0345,.

The five also held an investment seminar and participated in the Japan-China Governors' Forum on May 11 in Sapporo on the northern Japanese island of Hokkaido. It was the second time since April 2012 that the forum took place in Japan.

This year's meeting attracted more Chinese than last year, Nike Free44-0806,Basketball Kobe-0389Nike Free44-0780,, which claims the islets as the Diaoyu Islands.

"Our [recent] activities have been driven by the government in Beijing greenlighting the exchanges," Air Force LOW-0203,Man Max UM-0045Air Force LOW-0197,.

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"After relations with Japan soured in 2012, Nike wonen Flyknit-0063,Max Flyknit-0053Basketball James-0389,. But resumption of high-level economic dialogue and Li's visit have finally set the stage for our efforts," the official added.

A senior Liaoning official visited Panasonic and Canon, both of which years ago feted China's late supreme leader Deng Xiaoping, father of the country's "reform and opening policy." Panasonic has an automotive battery plant in Liaoning,Nike Free45-0258,Man Max Lunar-0021Nike Free44-0738,.

Sichuan Province has established a free trade zone Kid free28-35-0071,Basketball Durant-0238Nike Flyknit-0087,. A source said Gov. Yin met with Toyota Executive Vice President Koji Kobayashi and other officials to pitch the initiative.

Nike Free45-0495,MAN Max ZERO-0027Nike Free44-0687,.

Meanwhile, Gov. Wang visited a large trading company and other locations.

"Efforts by China's regional governments to lure companies now include more projects that focus on strategic sectors, such as robots, the environment and nursing care, and have a clear goal in mind as regards to cooperation," Kid free28-35-0037,Air Force LOW-0280Basketball Kobe-0232,.

"Now, there are more two-way investments. Parts procurement as well as research and development are handled in Japan while manufacturing is done in China," Shimizu said.

Basketball James-0350,Air Force LOW-0282Nike Free45-0396,. Over the same period, the figure for the European Union increased to yeezy shoes-0061,Air Force LOW-0278Nike Free44-0624,.

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Warming Sino-Japanese ties led to increased direct Japanese investment in 2017 to $3.2 billion.

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Kid NIKE25-37-0010,Air Force LOW-0299Nike Flyknit-0055,. Although there are risks for both sides in the improved business climate -- including potential fallout from Air Force LOW-0328 -- Nike wonen Flyknit-0022,Nike Free44-0830Basketball Hyperdunk-0049,, making the recent visits from provincial officials all the more important.

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