» 07/21/2011, 00.00
Japan recovers, posts a trade surplus
Since the 11 March disaster, trade figures were negative. Recovery is made possible by a more efficient organisation of production; however, power shortages, the world’s economic crisis and a stronger yen loom over the horizon.
Japan’s economy recovering
Exports rise for the fourth month, by 43.5 per cent in March, because of Asian markets. Unemployment drops whilst domestic consumption rises. Observers are now waiting to see if national companies invest to stimulate further consumption.
Record drop in Japanese economy in the first quarter: - 4%
Tokyo’s data worse than the USA (-1,6%) end Europe (-2,5%). Exports in free fall as well as internal demand. There are some signs of recovery, but fears too, that it is tied to the governments massive stimulus plans.
Tokyo increases tax burden, but with (perhaps) no result
Taxes on sales double to 10%. The Central Bank revises growth forecast downwards (2%). The economy is in crisis due to a reduction in exports to Europe and USA. The value of the yen rose by 17% in two years. The effort to detoxify Fukushima.
China’s economic recovery uncertain a year into the global crisis
A year ago the world was plunged into its current financial woes. For some months now China has been saying that the worst is over and that its economy was on a path of robust recovery. However, many experts doubt the current improvements are greatly significant as ordinary workers face an uphill battle to make ends meet.
Japanese exports start to improve, partly because of greater sales to Chin
Exports and industrial output are up in April over March, but remain negative year-on-year. Greater sales to China are one reason following Beijing’s stimulus package. Economists note that decline has slowed down but it is not yet a real recovery.
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