Small Japanese firm shows scars of China’s economic woes

Stalled orders: Komemasu says many of its clients, which are car-parts makers, have slammed the brakes on orders. — Reuters

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.