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From Christine Gaylican, Opalesque Asia:
Japan is expected to have significant improvements in its economy though it is yet to fully rise out of the ashes in the year 2010, experts from the Tokio Marine Asset Management (London) Ltd and the Deloitte Research Company said.
In separate commentaries received by Opalesque yesterday, Tokio Marine Asset Management, which has $52-billion worth of assets managed in Japan, and US-based Deloitte Research (Source) pointed out indicative signs that the year will significantly be far from the dark days of year 2003 that spelled the worst in Japan's economic history.
Still ailing from deflationary woes, the Japanese economy relied on its exports for economic growth, recording a 0.6% growth in Q2-2009, Deloitte Research said. "Japan is one of the world's industrialised nations that recorded positive growth amidst the global downturn," the study added.
Exports saved Japan
It was to Japan's advantage that the American economy trailed behind it this year. Japan's export industry benefited from China's expansion and growing lucrative consumer market, Tokio Marine's analysis indicated.
China's demand for automotive parts and components will likely continue in 2010, albeit with a slight decline in momentum, it said.
"Looking ahead, Japan's fiscal stimulu...................... To view our full article Click here
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