Japan's Manufacturers Face Steep Challenges

"Japanese manufacturers affected by the quake are trying to bring their factories back online as quickly as possible to limit the financial damage from the disaster and satisfy customer demands. While some products and components can only be made in Japan, Japanese companies will need to redouble their efforts to reassure foreign customers of the stability and continuity of the supply chain by investing in multiple regions of the country, for instance, or by establishing relationships with other companies. Otherwise, customers will seek alternative suppliers elsewhere and the long-term damage on the Japanese economy could be larger than originally feared,” says Asia Society Associate Fellow Alexandra Harney.

 Alex, who is based in Hong Kong, is the author of “The China Price: The True Cost of Chinese Competitive Advantage.” To arrange an interview, contact the Asia Society communications department at 212-327-9271 or pr@asiasociety.org.