Monday, December 27, 2010

At 2012: Japan's economic cooperation and the emergence of new trends

Japan the new overseas Chinese newspaper, August 22, entitled "Japan's economic cooperation appears an article in the new trends. The article claims that recently, Japan politics from central to local character of some important China one after another, the main mission is to promote economic cooperation between China and Japan. Of course, to trade, the founding of Japan is always the case. But judging from the current situation, based on the original, Japan's economic cooperation appears noteworthy new trends.

Urgency of strengthening

Japan next 10 years of economic growth strategy to expand and domestic demand, economic growth, job creation as a guiding idea, want to get rid of deflation as soon as possible. To this end, the identified seven priority areas, to expand Asia needs a large areas separately as, other areas such as environment, energy, tourism, etc., and expanding the Asian demand, there is a close relationship. These policies have had a positive impact. However, Japan's second quarter statistics, because of the yen, and other factors, economic recovery is slowing down, an increase of three quarter of the minimum, synthesis of the annual growth rate, GDP only 0.4%. Of these, domestic demand from the previous quarter and slightly improved, but the external demands on the contribution of GDP growth compared with the previous quarter least 0.3 percentage points. This makes Japan on worries of the recovery process is interrupted. At the same time, both sides signed ECFA, the United States entity of the economic recovery and development as well as expanding Asian market efforts, have on Japan constitute the competitive pressure. Against this backdrop, Japan's economic cooperation in strengthening of urgency.

Increase the level of cooperation

With economic development, China's consumption capacity enhancement; at the same time, China's changing economic growth, promote the industrial structure, as well as international competition, and other elements that encourage Japan in its level of economic cooperation with China. Such efforts in economic cooperation in technical content. Japan's former Prime Minister Hatoyama Yukio's visit to the premier expressed the hope that through to provide China with the reduction of greenhouse gas technologies to expand cooperation between the two sides. These efforts also in the field of cooperation between the two sides to further expand, especially in the tertiary sector. For example, tourism, Japan land transport Maehara-visit, the main task is to promote the tourism industry in South Korea. Japan Okinawa regime and other local leaders also China one after another, and China to discuss new routes and increase the number of tourists. As another example, the financial industry, Mitsubishi Tokyo UFJ Bank, Mizuho Bank successively in Shanghai and other places to set up a new Department, investment banking and coordination of the loan, and the strengthening of personnel training, etc.

Direct investment increase

The present important impetus was the continued appreciation of the yen. Since the financial crisis, the currency of the United States and other developed countries, and most of the depreciation of the yen has appreciated more than 40%, the recent dollar even climbed to a new high for the past 15 years. Its causes, mainly in dollar, and the international community to spread risk and increase the national debt, and so on Japan, such as the United Kingdom 2009 purchased 26.3 trillion yen Japan bonds 2010 also purchased 18.3 trillion. In this case, it is difficult to change in the short term, to Japan export certain difficulties. Japan many economists believe that "in Japan domestic economic benefits environment critical to promising markets investment management resources is the right strategy." 2010-1-July, Japan in China, actually achieved 24.65 billion.

The above trends, Sino-Japanese relations are good. The parties should seize the opportunity, the correct response, mutually win in the realization of economic, further consolidate the foundations of the Sino-Japanese relations, prevention in regional and world order in the event of a major change in the Sino-Japanese relations drift.

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