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Trade war

Quarter of Japanese companies ready to reduce China footprint

36% also say Hong Kong will be less attractive as business hub: Nikkei survey

TOKYO -- From Nintendo to Uniqlo operator Fast Retailing, Japanese companies have long established a supply chain centered on China, with many of the finished products exported to the U.S.

Now amid the prolonging U.S.-China trade war, many of those companies are at a crossroad. Already facing a sharp increase in Chinese workers' wages, the trade war has pushed at least a fourth of Japanese companies to consider reducing its China footprint, a Nikkei survey has found.

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