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Wednesday, June 24, 2009

Is Japan's problem China?

FT article.

I think the biggest issue with regard to Japan's economic woes are China. Everyone has been making hay over the issue of the US losing out on employment and being in debt to China, but the bigger issue may be Japan losing out on export- regional and international- to an increasingly powerful China.

At least the US had debt driven growth. Japan does not have the credit driven growth as well as their regional exports are taking a hit, as expected, due to China's increase in dominance over the region as well as marine fare.

I will have a glimpse of the statistics and give a comparison as soon as I get to it....a hunch, is what it is.
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