. Space Travel News .




.
POLITICAL ECONOMY
Japan cuts view of economy amid overseas slowdown
by Staff Writers
Tokyo (AFP) Oct 17, 2011


The Japanese government on Monday downgraded its view of the economy for the first time in six months as an overseas slowdown weighed on output and exports, while a strong yen further clouded the outlook.

In its monthly report for October, the Cabinet Office said "the Japanese economy is still picking up although the pace has decelerated, while difficulties continue to prevail" due to the March 11 earthquake and tsunami.

The previous report in September gave no reference to a slowing recovery.

Tokyo lowered its assessment of exports, industrial production and personal consumption while warning that the effects of deflation still pose a threat.

The report stated that the pace of recovery in production is decelerating and that exports are levelling off.

The government also warned of the need to pay attention to the yen's persistent strength, as it erodes the value of exporters' repatriated earnings.

Analysts warn Japan's recovery from recession may continue to slow amid concerns about the health of the global economy and the impact of a strong yen on the nation's exporters.

Japanese companies have worked to quickly to restore production levels after supply constraints in the wake of the March 11 earthquake forced them to shutter plants.

But there are concerns that a strong currency could undermine them as an uncertain global outlook prompts more firms to scale back production.

There are also concerns that a strong yen could speed up a shift of production overseas as companies search for lower labour costs.

Japan has unveiled a plan to make $100 billion available to help companies make the most of the unit's strength and acquire assets overseas, while boosting its oversight of foreign exchange markets against speculative moves.

burs-dwa/pb

Related Links
The Economy




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries






.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



POLITICAL ECONOMY
Credit crunch in China hurts property developers
Shanghai (AFP) Oct 16, 2011
Property developer Zhang Xin made a fortune over the past decade on the back of a building boom fuelled by China's blistering economic growth and the privatisation of its housing market. Now the co-founder of SOHO China, one of the nation's leading developers, is worried Beijing's efforts to cool the sector are hurting sales and threatening to send some debt-laden property developers to the ... read more


POLITICAL ECONOMY
Huge stakes riding on maiden Soyuz launch from Kourou

Virgin Galactic to give NASA a ride

Indian-French satellite put into orbit

Chinese rocket sends French telecom satellite into space

POLITICAL ECONOMY
Russia invited to join Mars missions

Mars Express observes clusters of recent craters in Ares Vallis

Wet and Mild: Caltech Researchers Take the Temperature of Mars' Past

New Mystery On Mars' Forgotten Plains

POLITICAL ECONOMY
Subtly Shaded Map of Moon Reveals Titanium Treasure Troves

NASA's Moon Twins Going Their Own Way

Titanium treasure found on Moon

NASA Invites Students to Name Moon-Bound Spacecraft

POLITICAL ECONOMY
Dwarf planet may not be bigger than Pluto

Series of bumps sent Uranus into its sideways spin

Mission to Mysterious Uranus

Spinning hourglass object may be the first of many to be discovered in the Kuiper belt

POLITICAL ECONOMY
UChicago launches search for distant worlds

Astronomers Find Elusive Planets in Decade-Old Hubble Data

University of Texas-led Team Discovers Unusual Multi-Planet System with NASA's Kepler Spacecraft

Heavy Metal Stars Produce Earth-Like Planets

POLITICAL ECONOMY
Caltech Event Marks 75th Anniversary of JPL Rocket Tests

Russia puts new Rus-M carrier rocket project on hold

Russia to abandon rocket booster work

Pee power: Urine-loving bug churns out space fuel

POLITICAL ECONOMY
China's first space lab module in good condition

Takeoff For Tiangong

Snafu as China space launch set to US patriotic song

Civilians given chance to reach for the stars

POLITICAL ECONOMY
NASA's Dawn Science Team Presents Early Science Results

Amateur skywatchers help space hazards team

New View of Vesta Mountain From NASA's Dawn Mission

Almahata Sitta Meteorites Could Come From Triple Asteroid Mash-Up


.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2011 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement