China’s Economic Woes Affect Japan’s Small Firms

China’s Economic Woes Affect Japan’s Small Firms
A worker is seen at the factory of Nagumo Seisakusho Co., Ltd. in Jyoetsu, Niigata prefecture, Japan on Feb. 22, 2019. Tetsushi Kajimoto/Reuters
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JOETSU, Japan—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.