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Anti-Japan protest damage in China may be over $100 mil

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Look Before You Leap. Was it unexpected? ofcourse not. Anyway, its a small amount just write off along with other national deficit.

-2 ( +1 / -3 )

Don't blame Ishihara on this one. Blame the Chinese Communist Government for doing little or nothing and letting their brainwashed citizens (who have no or little knowledge about those islands) act like wild animals.

3 ( +5 / -2 )

They haven't learnt Pen mightier than sword. Pitting their bodies, stressing muscles, inhaling debris & smoke - destruction & violence in own country agains fellow countrymen too. How can dumb masses deserve a voice in government? Good government must keep them busy working for minimum sustenance.

0 ( +0 / -0 )

this is no business of japan.

0 ( +1 / -1 )

It is a clear signal Japanese companies leave China NOW!

3 ( +6 / -3 )

YuriOtaniNov. 14, 2012 - 08:01AM JST It is a clear signal Japanese companies leave China NOW!

And replace it with what? No country can replace or duplicate what these auto companies are doing in China and they know it. China sales represent 20 percent of Honda’s global sales, 10 percent of Toyota’s and more than 25 percent of Nissan’s. These Japanese companies invested billions in manufacturing operations and they are in for a long term regardless of damages and politics.

1 ( +2 / -1 )

Don't blame Ishihara on this one?

Why not? He is the one that started all the trouble. The incident of a collision between a Chinese fishing boat and the Coast Guard had settled down. Then, along comes Ishihara and trouble starts again.

YuriOtani, it is not time for Japan to leave China. Japan needs China to survive. China will soon be the world's largest economy. It is, however, time for Ishihara to leave politics.

0 ( +2 / -2 )

Don't blame Ishihara on this one?

Yes. Blame Kurihara for wanting to sell the islands. The nerve of him!!! How dare he even contemplated about selling his property to another party. That's criminal in most nations. (sarcasm)

In the summer of 2011, Kurihara approached Akiko Santo, a lawmaker from the opposition Liberal Democratic Party, saying he wanted to try to sell the islands to Tokyo governor Ishihara.

3 ( +3 / -0 )

sfip all of that investment is now in vain. If it would not of been the Senkaku islands it would of been something else. Shrine visits or textbooks would of been used if needed. The best the Japanese companies to do would be to relocate their Chinese plants to other Asian countries like Vietnam. More anti Japanese demonstration means less sales. The Chinese market is an illusion.

0 ( +3 / -3 )

YuriOtani Nov. 14, 2012 - 09:03AM JST The best the Japanese companies to do would be to relocate their Chinese plants to other Asian countries like Vietnam.

What makes you think Japanese companies will do better in other places? Besides, who is going to buy millions of Japanese cars in Vietnam with average salary of $100 per month? Japanese companies will run into more corruptions and problems in other Asian countries. As with many developing nations, corruption remains a major problem in Southeast Asian countries. Last year, Vietnam ranked third after Indonesia and Cambodia in the list of most corrupt countries and their goverment is ill-equipped to fight the corruption. Their goverment is incapable of doing anything about it.

1 ( +3 / -2 )

What makes you think Japanese companies will do better in other places? Besides, who is going to buy millions of Japanese cars in Vietnam with average salary of $100 per month?

Who said anything about "buying"? You think the Japanese corporations initially set up factories in China so the Chinese could buy them? No. They established them because of their cheap labor force much like what Japan did in Thai and will do so with other SE nations.

1 ( +5 / -4 )

nigelbo yNov. 14, 2012 - 10:02AM JST You think the Japanese corporations initially set up factories in China so the Chinese could buy them? No. They established them because of their cheap labor force much like what Japan did in Thai and will do so with other SE nations.

Yes, the Chinese consumers buys over 2 million Japanese cars that are manfactured in China. Same thing will not be duplicated in Southeast Asia.

1 ( +2 / -1 )

sfip330 the next time the Chinese protest things will be worse. If there is a conflict a million Japanese will be held hostage by the peoples republic. Let the Americans and Koreans make the money. About Vietnam it would be a cheap place to build cars for the export market. Responsible Japanese companies will get their people to safety.

-1 ( +0 / -1 )

Yes, the Chinese consumers buys over 2 million Japanese cars that are manfactured in China. Same thing will not be duplicated in Southeast Asia.

Why do you assume that such growth cannot be achieved in SE Asian countries in the future?

2 ( +4 / -2 )

i think as far so called"china risk" as exists,its better for japan to shift an investment to Sooutheast Asia,

2 ( +2 / -0 )

The cost includes the vandalism of buildings and other physical damage, as well as the indirect effects such as reduced sales, the foreign ministry said in a report released this week.

It does not include the effects of a consumer boycott on Japan-brand goods that has badly hit auto and electronics makers.

Don't these paragraphs contradict themselves?

0 ( +0 / -0 )

@JapanGal

Don't these paragraphs contradict themselves?

I'm guessing "reduced sales" refers to profits lost when the stores were closed due to damage, not to the behaviour of Chinese consumers.

0 ( +0 / -0 )

Let me remind some people here that Japan do not have much time to look for another income as right now which we all can see in recent news what Japan need is whatever market they can find just to keep their economy alive while their population continue aging and competition getting more serious.

It is a race against time.

How long can Japan wait for their new investments?

-3 ( +0 / -3 )

time to recall all "kikoman" products!

1 ( +1 / -0 )

@megosaa

Sshhhshhshshhh!!! Be quiet ! The Chinese might read this and find out that their favorite soysauce is Japanese. We don't want them to further boycott any J-products.

0 ( +0 / -0 )

Looks like Japan paid twice for these islands.

0 ( +0 / -0 )

Its not about the production of the cars its who will buy them. Vietnam, Myanmar, ASEAN still have relatively low purchasing power.

0 ( +0 / -0 )

Low purchasing power isn't the only thing. Room to even use the vehicles is another. That Honda Accord isn't going to work so well in the jungle. Nor be fueled easily. Wouldn't even be fun to drive through cities clogged full of scooters/motorcycles anyways.

SE Asia simply isn't ready for an influx of cars.

0 ( +0 / -0 )

nigelboy Nov. 14, 2012 - 10:11AM JST Why do you assume that such growth cannot be achieved in SE Asian countries in the future?

Japan needs immediate help. Sure, growth in SE Asian countries are increasing every year, but it will take 15-20 years to catch up with the average income of Chinese of today. Even if Japanese manufacturer the cars there, there will be very little domestic demand due to low income. The infastructure is in the infant stage and the manufacturers will have to spend tons of money on establishing logistics for exporting to other countries. And what about the tariffs? Chinese might slap a stiff tariffs on every Japanese cars or have a strict quota on quantities of cars that enters their country. Then what?

0 ( +0 / -0 )

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