The second is that the role of China trade in Japanese economy, important as it is, has often been exaggerated, as proven by our experience of the past 6 years.
Sentiment: NEGATIVE
The direct investment of Japanese businesses to East Asian economies accelerates the reallocation of their production bases. Consequently, between Japan and the other East Asian countries, both exports and imports are growing substantially.
We have in-depth knowledge about Chinese industries. We know what's driving the country's economic growth.
In this context, the current recovery in the Japanese economy is taking place in tandem with the growing interdependence with the rest of the world, particularly with the other East Asian economies.
The principal linkages between Japan and the U.S. global economies are trade, financial markets, and commodity markets.
There's a tremendous amount of energy in Japan and, increasingly, in China.
Since the election of Shinzo Abe as the new Japanese prime minister, by reputation a fervent nationalist, relations between Japan and China have paradoxically improved a little.
China has become a major presence for most countries around the world but notably for its neighboring countries in Asia. So I think it is a common position for Japan and its Asian neighbors that we certainly would strive to maintain as much as possible friendly relations with China.
China is growing very quickly and is clearly becoming an important player in the world economy.
When a population saves a lot, the funds are invested outside the country as well as inside. If the Japanese invest in the United States, it pushes their exchange rate down and makes their manufacturing more competitive.
From another point of view, a new situation now seems to be arising in which Japan's prosperity is going to be incorporated into the expanding potential power of both production and consumption in Asia at large.
No opposing quotes found.