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On Japan Sea coast, small firm feels effects of China's economic woes
In snow country along Japan's northern coast, a small manufacturer of precision moulds is feeling the pain of China's economic slowdown. Orders have slowed to a trickle at Nagumo Seisakusho Co, which supplies big auto-parts makers such as Denso Corp and Aisin Seiki Co, and the company may keep salaries flat or even reduce them in the coming fiscal year. Manufacturers across Japan depend heavily on customers in China, the world's second-biggest economy, to buy their products, especially the parts and equipment that reach China's factory floor and fuel its domestic and export growth. Automotive chipmaker Renesas ... (full story)