Chinese Honda Strike a Wake-Up Call for Japan - NYTimes.com

Chinese Honda Strike a Wake-Up Call for Japan - NYTimes.com: "Despite the consequences for production costs, a rise in wages and standards of living in China is welcome news for many Japanese exporters: The very same companies that produce in China have also scrambled to sell their wares there, moving factories to the mainland to further drive down costs and meet the needs of local customers. In Uniqlo’s case, in 2002, as incomes in China rose, it followed up with local stores, opening 64 outlets so far, and it aims to open 1,000 stores there in the next decade."