TOKYO -- Major Japanese apparel manufacturers are shifting more of their overseas production from China to Southeast Asia, as China's rising labor costs and zero-COVID policy chip away at its dominance.
Amid a depreciating yen and rising costs of raw materials, apparel companies are using every available method to lower costs. The Regional Comprehensive Economic Partnership (RCEP), the Asia-Pacific trade deal that came into effect in January, has given companies a new lifeline.
