Japan After an ‘Export Bubble’

Dixon, Chris and Bruce, David and Bojkova, Viara (2009) Japan After an ‘Export Bubble’. Global Policy Institute Policy Report. pp. 2-11.

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Abstract

Recent economic indicators of the performance of the Japanese economy have been weak and prognosis negative. In December Japanese industrial output contracted by 10%. In January this trend intensified. Moreover Toyota has announced 7,000 job losses and Honda a four month closure of their UK plant. Other labour market indicators and consumption related data suggest that the negative shock in the manufacturing sector is spreading gradually to the household sector. Paul Krugman has suggested that the Japanese economy is in ‘free fall’ as is world trade. This view can be linked to those who accuse Japan of relying on exports for growth and contributing to international imbalances that lie at the heart of the current financial crisis.

Item Type: Article
Uncontrolled Keywords: Global Policy Institute Policy Report, Global Policy Institute Policy 11, GPI policy papers
Subjects: 300 Social sciences > 330 Economics
Department: Guildhall School of Business and Law
Depositing User: David Pester
Date Deposited: 16 Apr 2015 13:34
Last Modified: 16 Apr 2015 13:34
URI: http://repository.londonmet.ac.uk/id/eprint/376

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