Japan's high-end manufacturing — from electric vehicles and industrial robots to semiconductor equipment and medical devices — rests on a fragile foundation: An overwhelming dependence on rare earth elements imported from China. With China tightening export restrictions since early 2026, that foundation is now shaking. The supply shock is already visible in trade data, corporate balance sheets, and factory floors, raising urgent concerns about cost pressures, supply chain resilience, and the global search for alternatives.
27-Jul-2026