In snow country along Japan's northern coast, a small manufacturer of preci...
JOETSU, Japan - In snow country along Japan’s northern coast, a small manufacturer of precision moulds is feeling the pain of China’s economic slowdown.
Automotive chipmaker Renesas Electronics Corp last week said it would suspend production at some plants for up to two months as it braces for China’s growth to slow further. In recent months, other big companies such as factory-robot makers Yaskawa Electric Corp and Fanuc Corp; Mitsubishi Electric Corp, trading house Mitsui & Co and toilet giant Toto Ltd have blamed China as they cut profit forecasts.
The company, founded as a fiber-processing company in the immediate aftermath of World War Two, is based in Joetsu, a quiet city of about 200,000 people 225 kilometers northwest of Tokyo. Such constriction could ripple through to other Japanese manufacturers - now in annual wage negotiations - reinforcing concerns that trade friction will hurt salaries and consumer spending nationwide.
Atsushi Takeda, chief economist at Itochu Research Institute, sees the China slowdown’s impact on Japanese companies lasting for months, countering an expected rebound in car demand late in the year from Beijing’s stimulus measures. Japan’s manufacturing supply chain, linking small firms like Nagumo to Japan’s industrial giants and consumers worldwide, is the China-reliant core of Prime Minister Shinzo Abe’s plan to lift Japan out of decades of deflation and fitful growth.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Japan sees global growth risks persisting on trade war, China slowdownDownside risks in the global economy are likely to persist over the medium to lo...
और पढो »
Japan may cut economic view as China slowdown hits growth: NikkeiJapan's government is considering a slight downgrade to its assessment of t...
और पढो »
Japan court blocks ex-Nissan boss Ghosn from attending board meeting: NHKA Tokyo court on Monday denied ousted Nissan boss Carlos Ghosn's request to...
और पढो »
Worth It Tried A $1,600 Bento Box In Japan, Here's What's InsideCatch the new Worth It: One Stop episode exclusively ad-free on Amazon now!
और पढो »
BOJ's 'gradualism' advocate says next move could be to ramp up stimulusRising global uncertainties could push Japan into recession and force the centra...
और पढो »
Trade Friction Stymies Growth in Germany and JapanJapan and Germany avoided slipping into recession as 2018 drew to a close, but the world’s third- and fourth-largest economies seem set for a year of weak growth amid uncertainty about global trade.
और पढो »
Japan not to submit U.N. resolution condemning North Korean rights abusesJapan has decided for the first time in years not to submit to the United Nation...
और पढो »
Nissan may ask ex-Toray boss Sakakibara to chair board meetings: sourceNissan Motor is considering asking ex-Toray Industries chief and Japan Inc heavy...
और पढो »