Tag Archives: Japan

US Recognizes Japan as the Largest Export Market

The US market for the Asian countries continues to expand for four consecutive years this year. However, the United States has replaced China and has placed Japan as the largest Export Market in Asia. The same position had been held by China for 2011 and 2012. China had been the potential export market for the US till March 31, 2013.

japan economy

Statistics in Exports

The available figures show that in the year 2012, Japan recorded a deficit of 8.170 trillion yen which is nearly equal to $82.94 billion. During this period, the country faced lower exports with larger imports. Japan recorded a significant decrease in trade in the fields of shipping, mining machineries, and electronic parts. Among these, the shipping industry lost maximum in terms of value. It was nearly 15.2 percent of the total fiscal deficit.  It was followed by Construction and Mining industry that lost about 12.6 percent.

Statistics in Imports:

The year 2012 witnessed unprecedented rise in the imports of Liquefied Natural gas (LNG), telecommunication, and crude oil. Among these commodities, the telecommunication witness phenomenal growth of 31.9 percent. It was followed by the sharp increase in imports in LNG which touched a growth rate of 14.9 percent.

Overall standings

Japan is now considered as the third largest country in the world in terms of economy.  It follows US and China very closely and the expectations are stronger for taking them over sooner. This growth rate is also a fruitful sign for other Asian countries that have the potential of growth in the time to come as well.

 

Nissan Revives the Production of Datsun

TOKYO – Nissan Datsun revives three decades of abandoning the brand that helped build its U.S. business. This time, Nissan expects the name, associated with small cars affordable and reliable drive its growth in emerging markets.

The CEO of Nissan Motor Co., Carlos Ghosn, made ​​the announcement Tuesday while in Indonesia, one of the three markets, as well as India and Russia, where the Datsun goes on sale in 2014.

The Datsun debuted in Japan in 1932 and reached the U.S. shows more than 50 years later.

He began his overall discontinuation in 1981 to unify the line under the Nissan brand, manufacturer also makes Infiniti luxury models.

Often, Nissan has toyed with the idea of ​​reviving the Datsun brand because it is associated with reliability, value and selling points in which Nissan and other Japanese automakers fincaron its reputation in the U.S. market.

Nissan said the name Datsun help your profile in newer markets, where it has strong growth in coming years.

Nissan expects sales of vehicles to be doubled in Indonesia by 2017 relative to last year.