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2011: Japan has experienced many difficult

In 2011, the Japanese economy experienced a more difficult. From the East Japan earthquake and floods and other natural disasters in Thailand, to keep the fermentation of Europe's debt crisis and the yen exaltation record, so far have been "scared." But Japan's economy has not brought to its knees. Overall, in developed countries, Japan's economy is better. Cabinet Office November 14 released preliminary statistics show that in the third quarter of Japan's gross domestic product growth of 1.5%, 6.0% annual rate, is the first time since the last four quarters of positive growth, and create 18-month high.

At present, the uncertainty caused by the blow to the Japanese economy has not been fundamentally alleviated. Japanese government worried that economic recovery may be due to weak external demand, export growth fell and damaged, so is the risk of economic downturn, "to give full attention." Support the economic recovery has been more cautious attitude of the Bank of Japan, recently lowered its forecast of economic situation that the economy has "sustained recovery, but by the overseas economic slowdown and other factors, the pace is slowing." Analysts said Japan's third-quarter economic growth may be a one-time, which to some extent masks the real situation of the Japanese economy. Global economic slowdown, the Japanese yen exaltation and overseas export market downturn as a fragile economic recovery in Japan cast a shadow over prospects for the Japanese will soon fall into the risk of remaining stagnant state.

The Japanese economy has experienced the impact of the international financial crisis, from last year show a slow recovery. However, the East Japan earthquake and tsunami not only destroyed the manufacturing base in northeast Japan, triggering a nuclear accident, also fell in Japan's economic growth momentum. Japanese government data show that a large earthquake in Japan, East Japan from March to August cumulative production value decreased by 8.5%. Among them, the Northeast region's most serious. Although more than six months after the reconstruction, the manufacturing supply chain is quickly restored, the Northeast region and the national economy began to gradually emerging from the shadow of the earthquake, but the lack of long-term supply problems and other issues will continue production of the fully restored. To make matters worse, Thailand, floods and so including electronic and automotive industries, including heavy losses. The fears of food contamination and other constraints will continue to account for more than 60% of GDP personal consumption, then drag the Japanese economic recovery. Japan Department Stores Association recently announced in October the national department store sales decreased 0.5% from a year earlier, marking the fourth consecutive month year on year decline, the outlook is not optimistic.

Japan is the world's sovereign debt to GDP ratio of the highest in the world. Japan's Finance Ministry latest statistics show that as of the end of September, Japan's national debt totaling 954 trillion yen, a record high. National per capita debt of about 7.56 million yen. By 2011 year-end, Japan's national debt will exceed 1000 trillion yen mark. Japan's greatest fear is that the gates of Europe, "the debt of the fire" bring disaster to the pool of "Japan's fish." Japan has said that Europe is willing to cooperate to quell the debt crisis, and will continue to buy European Financial Stability Fund bonds. Earlier, Japan has bought has three times the total value of approximately 27 billion euros of European Financial Stability Fund bonds, equivalent to 20% of total issuance. Financial peace and quiet to live in Japan Soon also suggested that the European "first to build a firewall" to prevent the spread of the debt crisis. Japan's national debt Although there is no crisis in the short term risk, but the huge amount of psychological stress has been formed on the government.

This year, the Japanese government has struggled to cope with the yen and exaltation. Appreciation of the yen in order to reduce the negative impact on the economy, to prevent the hollowing out, and further stimulate domestic demand, October 20, the Japanese government issued a "comprehensive economic measures appreciation of the yen," the final plan, including mechanisms for expansion of U.S. capital loans, down to the business low-interest loans interest rates, the supply chain for new parts factories and R & D base to provide subsidies, the establishment of energy-saving environmental protection subsidies. But October 26, London, UK foreign exchange market, the yen-dollar exchange rate soared to 75.71 yen, breaking record after World War II. Approaching the yen against the euro 100 yen mark. Although the Japanese government and central bank immediately implement a 5 trillion yen monetary easing policy, and market intervention measures taken, but the market for the U.S. economic slowdown and the debt crisis of pessimism is still spreading, the flow of funds to accelerate the momentum of the yen is still In continuing. Currently yen 76 yen against the U.S. dollar is still running high. Market forecasts, the current round of yen exaltation or a long-term. If so, this will seriously affect Japan's overseas markets, resulting in reduced exports and lead to the hollowing out of domestic industry in Japan, hurt the Japanese economy has shown a recovery trend.