OECD Chief Says Robust U.S., China Outlook Should Help Japan Growth

March 25, 2005
The Organization for Economic Co-operation and Development's (OECD) Secretary General Donald Johnston said on March 25 that the Japanese economy should benefit from expected robust growth in the U. S. and China, Japan's key export markets. Growth in the ...

The Organization for Economic Co-operation and Development's (OECD) Secretary General Donald Johnston said on March 25 that the Japanese economy should benefit from expected robust growth in the U. S. and China, Japan's key export markets. Growth in the U.S. economy appeared to be "quite robust" while China, Japan's largest trading partner, was forecast to maintain growth of around 8.0-9.0% through to 2010, he said.

"As far as the Japanese economy is concerned, consumer confidence seems to be returning to provide growth," he said, adding: "No one is predicting strong growth in Japan but certainly growth." OECD has forecast Japanese economic growth of around 1.5% for 2005 and 2006.

Official data showed that Japan's gross domestic product (GDP) grew 2.7% in inflation adjusted terms in 2004 after rising 1.4% in 2003. Japan slipped into a mild recession in the middle of last year but crawled out in the last quarter of 2004, with GDP growing 0.1% from the three months to September, or an annualized 0.5%.

Copyright Agence France-Presse, 2005

Popular Sponsored Recommendations

Learn How Manufacturers like 3M Cater to Digital Buyers to Increase Sales

Aug. 13, 2023
In this article, you'll learn how manufacturers can balance educating and guiding their buyers through their complex buying process with a digital first approach to product discovery...

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!