Arab Today, arab today japan economy to face severe situation for time being
Last Updated : GMT 17:54:06
Arab Today, arab today
Arab Today, arab today

Japan economy to face severe situation for time being

Arab Today, arab today

Arab Today, arab today Japan economy to face severe situation for time being

Tokyo - Qna

Bank of Japan Governor Masaaki Shirakawa said Monday that the Japanese economy is likely to continue to face a "severe" situation especially in terms of exports amid the slowdown in overseas economies and the yen''s rapid rise, seen as a spillover from the eurozone debt problem. Speaking in Nagoya, one of Japan''s biggest export bases with the presence of such major firms as Toyota Motor Corp., Shirakawa also stressed that "due attention" needs to be paid to the risk that the yen''s rise will dampen the country''s future growth through factors such as a decline in exports and corporate profits, Japan''s News Agency (Kyodo) reported. "As the aftershocks of the collapse of Lehman Brothers and the impact of the sovereign debt problems in Europe have persisted, the yen has stayed at a higher level...given this development, firms are returning to the strategy of shifting production overseas," he said. "If the pace of this shift increases excessively, it may be difficult to create replacement job opportunities at home at a similar pace," he added. A strong yen is a concern for many Japanese exporters, a key driving force for the country''s economy, as it erodes the value of their earnings when repatriated as well as their global competitiveness. The yen has been pushed higher amid investors'' preference for the perceived safety of the currency. But Shirakawa said that the yen''s strength also has advantages, including lower import costs for energy and materials, and that it is important to consider how to make use of such benefits to promote the development of new businesses and reform the industrial structure. As for the eurozone debt problem, which he called the "most significant risk factor" for Japan''s economic outlook, Shirakawa said European financial institutions have had difficulties raising funds from the market and that such developments in Europe have been affecting economies in other regions around the world. "Japan''s economy is likely to continue to face a severe situation for the time being...The bank is determined to support Japan''s economy as it seeks to return to a sustainable growth path, by continuing to pursue powerful monetary easing," the central bank governor said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan economy to face severe situation for time being Arab Today, arab today japan economy to face severe situation for time being

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Air raid kills eight women, child

GMT 06:42 2017 Friday ,17 February

Air raid kills eight women, child
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 05:26 2017 Sunday ,19 February

US natural gas market tightens

GMT 05:06 2017 Sunday ,19 February

Merkel: Euro is too low for Germany

GMT 04:58 2017 Sunday ,19 February

Swedish PM: Brexit deal in 2 years is unlikely

GMT 20:02 2017 Saturday ,18 February

Gold edges higher as global equities lose momentum

GMT 10:20 2017 Thursday ,16 February

New Zealand's Spark rings up interim profit rise
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 15:16 2017 Sunday ,19 February

Apple to start India operations with iPhone SE

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday