Less than 3 percent of Japanese companies operating in Russia have decided to withdraw following its invasion of Ukraine, the lowest proportion among the Group of Seven nations, a recent survey shows, Report informs referring to Kyodo News.
A considerable number of Japanese companies were cautious about exiting from Russia, with many only suspending operations in the hope of resuming business in the future, the analysis of the survey said.
Only 4, or 2.4 percent, of the 168 Japanese companies operating in Russia had decided by June 19 to cease business in the country, according to analysis by Teikoku Databank Ltd. based on the survey conducted by the Yale School of Management in the United States covering around 1,300 major companies worldwide.
The figure was far lower than the around 48 percent of British companies that have announced their withdrawal from Russia, followed by about 33 percent of Canadian companies and around 29 percent of US enterprises.
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