In a recent interview with Nikkei, Masahiro Okafuji underscored the massive opportunity ahead of Japanese firms in China. He is currently the chairman and CEO of Itochu. Conducted on December 31, 2025, at 05:46 JST in Tokyo, Okafuji’s insights come against a backdrop of heightened bilateral tensions between Japan and China.
Okafuji, who leads one of Japan’s prominent trading houses, stated that despite the ongoing geopolitical strains, opportunities persist for Japanese businesses in the Chinese market. His remarks are grounded in a clear-eyed grasp of the complicated realities that inform and condition Japan-China relations and the possibilities for an economic thaw.
Speaking in his interview, Okafuji admitted that conditions in China’s real estate market, which has already been in a long-term slump, could be a headwind. He cautioned that this decline goes well past the property industry, affecting all of China’s economy. “While we recognize the difficulties that exist, we believe that there are still avenues for growth and collaboration,” he remarked.
Itochu’s CEO was very explicit on the necessity to find partners and investments in China. Even in difficult economic circumstances, he called on Japanese companies to explore these opportunities. His perspective underscores a strategic approach to navigating the current landscape, suggesting that a careful analysis of market trends could yield beneficial outcomes.
This interview received tremendous media coverage, especially in light of the present economic turmoil in Japan and China. Whether intended or not, Okafuji’s claims give us a glimpse into the thinking of these industry luminaries. They are especially reevaluating their stakes in the Chinese market, even as uncertainty continues to loom large.
Nikkei further covered the interview with a photo taken during the event, showing the heated exchange between Okafuji and the media. This visual representation further highlights the importance of dialogue and communication in fostering understanding between businesses in Japan and China.