CHINA BOOSTS JAPAN
Hana R. Alberts
Forbes, January 27, 2010
Japan's exports increased in December for the first time in 15 months. Due to the strength of Asian demand, particularly from China, the news bolsters a more positive outlook for most of Japan's major auto- and electronics makers.
Total exports jumped 12.1% year-over-year to $60 billion, according to government figures, while shipments sent out to Asia, which account for more than 50% of Japan's total exports, climbed 31.2% to 3 trillion yen ($33.6 billion).
Buoying the overall jump, Japan's exports to China alone surged 42.8% to 1.1 trillion yen in the month. China last year beat out the U.S. to become Japan's biggest export market.
Japanese automakers in particular benefited from cash-rich Chinese consumers, whose purchases helped compensate for lackluster business in other parts of the world hit harder by the economic downturn.
Toyota Motor Corp. has been battered by two recalls, resulting in the suspension Tuesday of U.S. sales of eight of its models. But while its 2009 global sales dropped 13%, the world's largest automaker said this week it expects sales to rise 6% this year.
Forbes, January 27, 2010
Japan's exports increased in December for the first time in 15 months. Due to the strength of Asian demand, particularly from China, the news bolsters a more positive outlook for most of Japan's major auto- and electronics makers.
Total exports jumped 12.1% year-over-year to $60 billion, according to government figures, while shipments sent out to Asia, which account for more than 50% of Japan's total exports, climbed 31.2% to 3 trillion yen ($33.6 billion).
Buoying the overall jump, Japan's exports to China alone surged 42.8% to 1.1 trillion yen in the month. China last year beat out the U.S. to become Japan's biggest export market.
Japanese automakers in particular benefited from cash-rich Chinese consumers, whose purchases helped compensate for lackluster business in other parts of the world hit harder by the economic downturn.
Toyota Motor Corp. has been battered by two recalls, resulting in the suspension Tuesday of U.S. sales of eight of its models. But while its 2009 global sales dropped 13%, the world's largest automaker said this week it expects sales to rise 6% this year.
(...) [artículo aquí]
Posts
No comments:
Post a Comment