Special Features

Survey of 100 Japanese Companies on Economic Security

The Institute of Geoeconomics (IOG) conducted a survey on economic security among 100 Japanese companies, marking its third implementation succeeding the survey of 2021 by the Asia Pacific Initiative (API). The survey reveals cost increase and anxiety for future operations of Japanese firms due to Russia’s invasion in Ukraine and sanctions on Russia, alongside their increased awareness of rising US-Chinese tensions and Taiwan Contingency. Struggling to find a balance between security and economic activities, Japanese firms have strengthened information security and supply chain resilience. We focus on what issues are at stake and how it is tackled by those firms by looking into details of the result.

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Summary: the second Survey of 100 Japanese Companies on Economic Security

Summary: the second Survey of 100 Japanese Companies on Economic Security

The IOG conducted a survey on economic security among 100 Japanese companies and published its results in February. For this survey, IOG inquired 100 companies identical to the selected firms questioned in the first survey by the API in 2021. Questionnaire forms were sent out and answered by email during November 2022 and January 2023. The key survey results found were the following three points: ・On new measures after the enactment of the Economic Security Promotion Bill, many companies selected “the establishment of specialised departments” and “strengthening efforts toward advanced technologies”. Currently, more than half of companies surveyed have a compliance system in place for the extraterritorial application of US- and Chinese regulations (this marks a 15% increase from last year).

・Nearly 80% of respondents named “strengthening cyber security” as part of new measures toward the management of conventional technology, export management, and the prevention of technology leaks. On human resources interacting with advanced technological information, approximately half of surveyed companies “understand and manage in-house human resources for each department”.

・The largest increase in economic security measures from the previous year’s survey was the “transferring of production bases”, followed by the “strengthening of information management” (both with an increase of ca.10%).

Members

  • Naoko Eto
    Senior Fellow & Group Head, China
    ETO Naoko is Professor at the Department of Political Science, Gakushuin University. Her main research interests include contemporary Chinese politics…
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  • 山田 哲司
    Satoshi Yamada
    Visiting Senior Research Fellow
    Satoshi Yamada has been a visiting senior research fellow at the Institute of Geoeconomics (IOG) since 2022. He has over 25 years’ experience in the J…
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  • Kazuto Suzuki
    Director & Group Head, Economic Security
    Kazuto Suzuki is Professor of Science and Technology Policy at the Graduate School of Public Policy at the University of Tokyo, Japan. He graduated fr…
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  • Ken Jimbo
    Managing Director (Representative Director), International House of Japan /President, Asia Pacific Initiative
    JIMBO Ken is Professor at the Faculty of Policy Management, Keio University. He served as a Special Advisor to the Minister of Defense, Japan Ministry…
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  • Hitoshi Suzuki
    Senior Research Fellow /COO, LLC future mobiliTy research
    SUZUKI Hitoshi (PhD) was Associate Professor at the Graduate School of International Studies and Regional Development, University of Niigata Prefectur…
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