Latest News:  
Beijing   Cloudy    25 / 15 ℃  City Forecast

English>>China Business

Japan may cut forecast for economic growth

By Li Qiaoyi (Global Times)

08:24, October 08, 2012

The Japanese government is considering cutting its forecast for economic growth for the third month in a row, the Nikkei Shimbun reported over the weekend, amid the continuing territorial dispute with China, its largest trading partner.

The government's economic report for October, which is due to be released Friday by Japan's new Economics Minister Seiji Maehara, may point to an even grimmer economic outlook this month, weighed down by factors including a continued slowdown in major export markets like China and weaker domestic enterprise production, said the report.

Japan's economic report for September said that "the economic recovery appears to be pausing due to deceleration of the world economy," and the upcoming report is likely to say that Japan's economy is facing weaker prospects, the Nikkei Shimbun reported.

If the October assessment does cut the forecast for growth, it would mark a third consecutive cut, which has not happened in the past three years.

The Nikkei Shimbun report came amid a growing chorus of warnings from Japanese businesses over the impact of the Diaoyu Islands dispute.

Major Japanese firms in the country's pillar sectors such as autos and electronics have voiced their concerns over more difficult market prospects, given that many Chinese consumers have been boycotting Japanese goods amid the worsening territorial rift between the two countries.

【1】 【2】


News we recommend:
Let the train, take the strain Personal care market to keep growing An Apple a day isn't keeping critics away
Expo gives evidence of manufacturing shift China looks to Xinjiang for new energy China industrial profits decline further in Aug
Logistics co-op needed in China, ASEAN  The global use of yuan increases New Deal to Boost Consumption

Email|Print|Comments(Editor:厉振羽、张洪宇)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Chinese weapons arouse discussions

  2. Photos touching you at the first sight

  3. Mounting calls for free access to Wi-Fi

  4. 6 crew detained after HK ship collision

  5. Found new species in submarine of Indonesia

  6. A Close Contact with Whales

Most Popular

Opinions

  1. Commentary: Unraveling the value mystique
  2. Commentary: Pricing strategies for success
  3. 'Economic war' with Japan unwise
  4. An end to the era of double-digit growth
  5. Human resources need more investment
  6. Japan should know facts rather than rhetoric prevail
  7. Be vigilant against resurgence of militarism in Japan
  8. Easy times gone for foreign firms in China
  9. Noda gov't in hot water as LDP eyes comeback
  10. White paper makes watertight case for Diaoyu claim

What's happening in China

Congestion dogs travelers

  1. HIV sufferers to receive mental counseling
  2. Chinese tourists head overseas during holiday
  3. Foxconn denies workers striking against overtime
  4. Tolls stop on bridge after 1.45b yuan in illegal fees
  5. Half-naked man gnaws woman's face, bites cop

China Features

  1. More chances for Chinese, Canadian businesses
  2. Culture invasion? Starbucks kisses Buddha
  3. Public should enjoy more 'tourism benefits'
  4. Ancient villages face losing their souls
  5. Economic circles key to Sino-Japan relations

PD Online Data

  1. Ministry of Water Resources
  2. Ministry of Railways
  3. People's Bank of China
  4. Ministry of Health
  5. Ministry of Culture