Tag Archives | Japan

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Regional competition set to grow in Asia, as export opportunities reduce and imports increase

The above chart presents an excellent snapshot of the development of Asia’s chemical industry over the past 20 years. It comes from the American Chemistry Council’s global production report, and shows volume growth in each country/region, with a base of 100 in 2002. • China (blue line) has seen the largest growth over the past […]

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Anti-Dumping cases on the rise

Anti-dumping duties (ADDs) are on the rise, as countries seek to protect their own manufacturers. The most publicised ADDs so far, of course, were those by the US on Chinese tyres in September. In retaliation, China hit companies such as BASF with duties on US produced nylon 6. Separately, India imposed an ADD on caustic […]

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Japan says economic recovery “unpredictable”

The blog has learnt to be sceptical when new political leaders announce new directions for their country, after winning elections. But its Japanese friends emphasised at EPCA that real change might be taking place in Japan, after 50 years of LDP government. This, of course, could have a major impact on Asian politics. Japan is […]

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Quick updates

Chrysler. Yesterday, Chrysler entered bankruptcy. It will idle most of its US plants during the court proceedings. The government hopes the bankruptcy can be finalised in a “quick visit” of just 30-60 days. But even if this can be achieved, there is little doubt that Chrysler’s suppliers will suffer major write-offs. Bank ‘stress tests’. Widespread […]

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Exporting is no fun anymore

Japan and Germany are the great exporting countries of the industrialised world. They didn’t have the consumer booms seen in the USA and UK. Yet their economies are plunging, as export opportunities dry up. Yesterday, the Japanese finance minister, Kaoru Yosano, told parliament that the country was in “an economic crisis”. These are strong words, […]

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Japan’s exports fall record 49%, China builds inventory

Japan’s auto exports tumbled 71% in February, and its US exports fell 58%, causing total exports to decline 49%. Imports also fell 43%. Exports to China, however, were ‘only’ down 40%. And other NEA exporters, more dependent on Chinese markets, showed an improving position. S Korea’s exports were only down 17%, versus -34% in January. […]

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Auto suppliers face difficult time as bankruptcies rise

The decline in auto sales is now threatening many industry suppliers around the world: • Today, the main Japanese car parts group has warned that “Toyota’s production cuts will cause bankruptcies among suppliers if the government restricts aid to large manufacturers”. • Last month, the main US associations requested $18.5bn in support from the Obama […]

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Asian exports collapse – Japan’s fall 46%

Japan’s exports fell 46% in January, after a 35% fall in December. Exports to the US fell 53%, and to China fell 45%. This makes it likely that Japan’s economy will shrink further, after the 3.3% decline in 2008. It could soon become the first G-7 economy to fall into depression – defined as a […]

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Lessons from Japan’s ‘lost decade’

In December, the blog noted that Japanese policymakers saw clear parallels between the mistakes they made during the ‘lost decade’ of the 1990′s, and those being made today in the USA and other Western countries. The New York Times now has a fascinating article on this subject, which notes that: “The Japanese crisis of the […]

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Asian economies hit: US home starts slump

Asia is hard-hit by the downturn in the Western economy. Today, China said its Q4 GDP had grown just 6.8%, the slowest level since 2001. This led premier Wen Jiabao to say the outlook for jobs was “very grim”. It also increased speculation that China will devalue the renmimbi, which would increase trade tensions within […]

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