Survey of 100 Japanese Companies on Economic Security

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.

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.

Survery Result of 100 Japanese Companies on Economic Security

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Articles: IOG Survey of 100 Japanese Companies on Economic Security

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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%).

 

 

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Experts (Title at time of writing)


Ken Jimbo
Managing Director (Representative Director)
President, Asia Pacific Initiative
 

Kazuto Suzuki
Director, Institute of Geoeconomics


Naoko Eto
Senior Fellow
Group Head, China
 

Yoshiyuki Sagara
Senior Research Fellow


Hitoshi Suzuki
Visiting Senior Research Fellow


Satoshi Yamada
Visiting Senior Research Fellow
 

Paul Nedeau
Visiting Research Fellow
 

 


Ken Jimbo
Managing Director (Representative Director)
President, Asia Pacific Initiative
 

Kazuto Suzuki
Director, Institute of Geoeconomics


Naoko Eto
Senior Fellow
Group Head, China


Yoshiyuki Sagara
Senior Research Fellow


Hitoshi Suzuki
Visiting Senior Research Fellow


Satoshi Yamada
Visiting Senior Research Fellow


Paul Nedeau
Visiting Research Fellow

 

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