Japan experiences a recession at the same time as England. The impact of the recession that occurred in that country continued to affect many countries in the world. Many entrepreneurs complain about the bad effects of the Japanese recession. Economic growth in many countries is also experiencing a slowdown due to Japan experiencing a recession.
The Japan Recession Impacts the Manufacturing Sector
One of the sectors most affected by the Japanese recession is manufacturing. The country is famous for many products in the electronics and automotive fields. In fact, recently there was news about Toshiba going bankrupt. If there is a country that exports to that country, it will definitely feel the impact too. Japan itself exports many commodities. Examples of commodities experiencing a decline in demand are nickel, copper, rubber, and coal.
The countries affected by the Japanese economy are countries in ASEAN. Thailand and Malaysia are countries that are quite affected by the decline in the Japanese economy because there are Japanese automotive factories there. Malaysia is a country that has many factories to produce spare parts from Japan. There is a possibility that Malaysia will experience a slowdown in economic growth. Indonesia is also a country that has the potential to experience slowing economic growth. The country of Sakura contributes 8.41% to Indonesia.
However, many economic experts think that this moment could be an opportunity for Indonesia to attract Japanese investors to Indonesia. Indonesia’s economic growth is quite positive, so Indonesia has good business opportunities for Japanese investors. Another country that may be affected by the decline in Sakura Country’s economy is India. The current year’s value of India’s exports to the country is around $3805 million. The commodities that India exports to Japan are marine products, aluminum, organic chemicals, petroleum products, pearls, semiprecious stones, and so on. Now the Japanese government is struggling to improve the country’s economic conditions.
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