> But to the best of my knowledge it is not just US tariffs on the PRC that is driving the migration of manufacturing for Japanese companies away from the PRC o

> But to the best of my knowledge it is not just US tariffs on the PRC that is driving the migration of manufacturing for Japanese companies away from the PRC over the last decade or so Cost has increased as China itself domestically has matured (both as a consumer and the manufacturing side). Even China itself has moved some to e.g. Vietnam.