It’s perhaps no surprise that Wales and Japan should be such close business partners.
The trade, cultural and academic links between our two nations go back a long way. Major Japanese investment began in 1972, when Takiron opened a PVC factory in Bedwas, South Wales. Other early pioneers included Sony and Panasonic, helping Wales become a powerhouse of consumer electronics manufacturing.
They have been joined by many of Japan’s most prestigious corporate names, including Sharp, Toyota, Kasai Kogyo and Yuasa Battery, and the manufacture of automotive components has grown into another buoyant sector. Today, there are 60 Japanese-owned companies with a presence in Wales. They provide around 6,200 jobs and make a large contribution to the Welsh economy, both directly and indirectly.
There are 60 Japanese-owned companies operating in Wales. Together, they have a workforce of around 6,200 people.
Welsh companies exported almost £250million of goods to Japan in 2018 – an increase of 25% on the previous year.