Toyota Supplier Toyo Tire Reviews China as Protests Grow
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A Toyota Motor Corp. supplier said it may scale back expansion plans in China in the face of escalating anti-Japan sentiment as the fallout from the political dispute over an islands group spreads to businesses.
“The protests may affect our decision on making further investment in China,” Toyo Tire & Rubber Co. Chief Executive Officer Kenji Nakakura, 64, said in an interview in Osaka this week. “China remains an important market from which we can’t retreat, but when it comes to increasing investment we may be more inclined to do it in other countries such as Malaysia.”