Yet more gloom - the world's second-biggest economy appears to be slowing down as the effects of the sub-prime crisis spread.
What will this mean for Japan's chemical industry, which in the first half of the current financial year suffered badly from the highly cylical electronic chemicals sector?
All will, of course, hinge on the extent of the slowdown in the US economy.
What's clear is that nobody will envy Shinetsu's position next year, when it's due to bring on stream new PVC capacity in Louisiana.
Comments (2)
When you say slow down, dont you mean stop? its been going pretty slowly for some time hasn't it?
Posted by Biofuelsimon | December 21, 2007 1:38 PM
Posted on December 21, 2007 13:38
The Japanese economy has been growing very healthily over the last 3-4 years.
This has been mainly export-driven, but there have been signs of a sustained domestic rebound after years of stagnation.
Posted by john.richardson@icis.com | December 21, 2007 6:32 PM
Posted on December 21, 2007 18:32