As Japanese firms leave China, Bangladesh sees investment boost

Japan incentivising its companies to shift manufacturing facilities out of China and adding Bangladesh to a list of preferred destinations for relocating the factories may give the South Asian nation’s economy a boost.“As the pandemic started in China, Japanese companies needed to diversify” their supply chains further, Naoki Ito, the Japanese ambassador to Bangladesh, said in an interview.“This will provide an opportunity for Bangladesh,” he added.Almost half of Japan technology firms…