Blowing Hot or Cold on Japan

Japan May Escape Recession as Chinese Surge Increases Exports: "Japan's manufacturing sector is actually a showcase for how to implement globalization,'' said Jesper Koll, director of Tantallon Research Japan, a hedge fund. "Whether it's Russia, the Middle East or Latin America, take your pick, Japan's on top of it.'' -- Bloomberg

Good economic news about Japan is rare, but this article above cites the possibility that Japan may dodge a recession (due to the slow down in the US) because some key Japanese industries have diversified into rapidly expanding markets in China and throughout Asia. That's cool. And perhaps other Japanese companies here, and even entire industries, will take a lesson from the manufacturing and auto guys and learn how to be a "showcase for how to implement globalization." We'll see. The results will be obvious either way.
Comments:

Pfft.

Posted by markel on April 28, 2008 at 11:06 PM JST #

Good article but let's not forget or lose sight that the United States still accounts for 20 per cent of Japan's exports. It may not be as high as it's been during the other US/Japanese recessions but it's still significant enough that the US downturn could end up affecting Japan.

Posted by Doron Aronson on April 28, 2008 at 11:42 PM JST #

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