Most Japan firms see no need to follow the U.S. with tariffs on China: Reuters poll

TOKYO - Most Japanese companies see no need for their government to follow the U.S. in raising tariffs on Chinese imports, saying excessive production capacity in China's industrial sector does not affect them, a Reuters survey showed on Thursday.

But 61% of respondents to the survey, conducted June 5-14, said there was no need for Japan to embark on similar measures. The rest said Japan should. Around 53% said China's excessive production capacity had little to no impact on their business. "I'm afraid there are many mid-sized and small companies that just can't make ends meet if they implement wage hikes that keep pace with inflation," a manager at a wholesale company wrote.

The ruling Liberal Democratic Party has said more than 80 of its lawmakers received proceeds from fund-raising events that were kept off the books. Prosecutors have indicted three lawmakers. A security maven, Ishiba regularly ranks high in voter surveys on future prime ministers but is less popular with fellow LDP lawmakers whose backing is necessary to win the party's leadership election.

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