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Business trends

Japan Inc. plays catch-up on economic security after Ukraine war

Hitachi, IHI and others launch teams to analyze geopolitical risks

Japanese corporations have lagged behind U.S. and European peers in analyzing geopolitical risks.   © Reuters

TOKYO -- More Japanese multinationals are devoting resources to analyzing economic security risks, as Russia's invasion of Ukraine and other geopolitical turmoil spotlight their difficulty in making quick decisions to minimize potential losses.

Hitachi established an economic security office within its external relations division in April. The team shares developments in various countries with relevant departments, broadening beyond the conglomerate's previous approach of holding overarching discussions at management meetings.

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