Japanese banks pivot to Southeast Asia, India as China business struggles: Report

Tokyo [Japan], June 3, (ANI): Japanese banks are scaling down their operation in China, according to a report by Nikkei Asia. The move comes amid Japanese manufacturers facing local headwinds and rising labour costs. The local banks are instead pivoting their operations to Southeast Asia and India as more and more Japanese investment flows into these regions. The shift has added to the woes of the Japanese

Go to News Site

Google Play

App Store