Arab Today, arab today japan economy to face severe situation for time being
Last Updated : GMT 13:23:48
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.

arabstoday
arabstoday

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

 



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 Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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