Industrial Asia is composed of three countries; Japn, Austrailia and New Zealand, and as for december Japn is facing 4.4 percent decline which shows a rapidly worsening economy.
The primary reason for this decline is due to the less demand of goods as well as decrease in the investment for the firms as they are facing credit crunch.
Historically, Japan has been facing economic hardship but through the development of the industrial sector, they were able to make a comeback.
As the decline is expected to decrease further, there are concerns with the recession in Japan where industrial sector is the main driven force in the economy for Japan.
1 comment:
I can see this on a personal level. My father works for an industrial company in the United States who had put themselves up for sale to a large Kieratsu, Mitsubishi. Due to the significant downturn in the economy, the company decided to pull out of the purchase even though my father's company would have been a small purchase. These companies are seeing the hard times and are buttoning down the hatches.
Post a Comment