U.S. presidential election Japanese companies also pay attention to the whereabouts of ballot counting

U.S. Presidential Election Japanese companies also pay attention to the whereabouts of ballot counting November 4, 18:41

Companies in Japan are also paying attention to the US presidential election, which continues to count votes.

Aichi Prefecture's auto parts manufacturers

Of these, Asahi Iron Works, an automobile parts manufacturer in Hekinan City, Aichi Prefecture, manufactures parts such as engines and transmissions, and the manufacturer of the delivery destination exports the products to the United States and other countries.

Due to the spread of the new coronavirus infection, global demand for automobiles has fallen, and production has temporarily decreased by 40% to 50% compared to before the spread of the infection.

Currently, production is picking up, but the infection situation and economy in the United States, the world's second largest automobile market, are directly linked to product demand.

President Tetsuya Kimura is eager to check the whereabouts of the presidential election on his computer.

President Kimura believes that if President Trump wins, the yen will continue to depreciate and stock prices will continue to rise, and while the favorable situation for the automobile industry will continue, negative impacts such as trade friction with China will also be a concern.

If Mr. Biden wins, it would be a plus to state his support for the manufacturing industry, but he believes that a corporate tax hike could have a negative impact on corporate performance.

As expected from the President of the United States, President Kimura said, "If the US market falls, it will affect our business performance, so first of all, I would like you to take a policy that makes the entire US economy healthy."

In addition, President Kimura said, "If it takes time for the president to be decided, there is a concern that the stock price will fall, so please avoid it. If the yen strengthens, the automobile industry, which is an export industry, will suffer damage." I was worried about the impact on financial markets due to the time it takes to find out the results.

Yamagata City Machinery Manufacturer

Yamagata City's machine maker "Micron Precision" has a subsidiary in Michigan in the Midwestern United States where automobile parts makers gather.

While mainly supplying grinders for automobile parts to the United States, we also export machines for manufacturing parts such as home appliances to China.

The machine maker believes that if Mr. Trump wins, trade tensions between the United States and China will continue, which could affect the export of machines to China.

On the other hand, if Mr. Biden wins, even if trade friction with China is eased, environmental regulations on automobiles may become stricter, and whichever win will have an impact.

"Micron Precision" * President Kenji Sakakihara commented on the trade conflict between the United States and China. "The reason why the world's economies have developed is because free trade has created a trend to sell products made in China all over the world. I'm grateful for the situation, "he said, hoping that Mr. Biden's victory would ease trade tensions.

On top of that, based on his own experience of living in the United States for 18 years, he said, "What will happen to the United States, which was divided in this election? I am worried that it may not be in the right direction."

* Sakaki is "God" instead of "Tree"

Expanding business with China Companies in Niigata Prefecture

A company that plans and develops household goods such as tableware and spoons in Tsubame City, Niigata Prefecture, has obtained a patent for a technology called "aging processing" that processes stainless steel materials in a vintage style.

It is actively engaged in trade with China, such as establishing a Shanghai office eight years ago, and the value of exports to China is already 4 compared to 4 years before President Trump took office. It means that it is almost doubled.

The company believes that trade tensions between the United States and China have intensified, such as raising tariffs under the Trump administration, and as a result, the need for Japanese products has increased in China.

Shuji Aoyagi, president of Aoyoshi, which plans and develops household goods, said, "I feel that the attitude of working on imports and exports has improved in dealings with Chinese companies in the last four years."

On top of that, President Aoyagi said that it is important for small and medium-sized enterprises in Niigata prefecture, where manufacturing is flourishing, to improve not only Japan and China but also the world economy as a whole, saying, "Because the United States is a country that pulls the world economy, business like President Trump I want people with a sense to serve. "

Strong in energy-saving technology Manufacturers in Niigata Prefecture

A manufacturer located in Nagaoka City, Niigata Prefecture, not only reduces the power consumption of factory production equipment, but also produces electronic devices that enable efficient use of power for photovoltaic power generation.

Our strength is technology that supports corporate energy saving, and we supply products both domestically and internationally.

Mr. Biden of the Democratic Party has pledged to invest a total of $ 2 trillion in the field of environmental measures such as increasing solar power generation and wind power generation in four years, and more than 210 trillion yen in Japanese yen.

I was hoping that if Mr. Biden became president, the energy-saving market would expand further, and on the 4th, company executives were watching the trend, such as checking the news flash of the presidential election on TV. ..

Mr. Sauchi Yatori, director of electronic equipment maker "TDK-Lambda", said, "As the United States, which is a major power, promotes the movement to control exhaust gas, the demand for products that lead to environmental protection will increase, so Mr. Biden's policy I want to expect it. "