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Survey shows Japan Inc. less proactive in disclosing risks

Only fraction of listed companies note climate or staffing challenges in filings

Natural disasters and an aging, shrinking population are some of the big risks Japanese businesses face over the medium to long term.

TOKYO -- Finding workers to staff convenience stores in Japan is a headache for retail chains as the country's labor shortage intensifies. For seafood companies, climate change is having a major impact on fish catches.

Yet these companies tend to be silent about the issues in their securities filings. A Nikkei survey has found that Japanese companies lag behind Western competitors in disclosing potential risk factors that affect their businesses.

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