News analysis

Japanese companies join global corporate exodus from Russia, but some wary of complete exit

Many Japanese businesses cite "operational difficulties in business continuity" in Russia. PHOTO: REUTERS
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TOKYO - Mr Tadashi Yanai, the founder and chief executive of the company that owns Uniqlo, was forced to make a U-turn within 72 hours after insisting that the brand's 50 stores will stay open in Russia amid the Ukraine crisis.

"Clothing is a necessity of life," he told the Nikkei newspaper in an interview on March 7. "The people of Russia have the same right to live as we do."

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