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Yen, Supply Chain Chaos Send Japan Manufacturers Home

  • Weaker yen, supply-chain constraints factors behind switches
  • China, Southeast Asia, Russia seeing Japan companies move home
Vehicles bound for shipment parked at a port in Yokohama on May 12.
Vehicles bound for shipment parked at a port in Yokohama on May 12.Photographer: Toru Hanai/Bloomberg
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Japanese manufacturers are increasingly looking to move offshore operations to their home market, according to a Tokyo Steel Manufacturing Co. executive.

The rapidly weakening yen that boosts the competitiveness of Japanese exports, global supply-chain constraints, geopolitical risks and shifting wages patterns are prompting the switch, Kiyoshi Imamura, a managing director of the steelmaker, said in an interview in Tokyo last week.