TOKYO (NYTIMES) - The Nidec Corp. likes to say it makes everything that 'spins and moves,' from the intricate motors that whir in hard drives to the hulking ones used on oil rigs.. Read more at straitstimes.com.
TOKYO - The Nidec Corp. likes to say it makes everything that"spins and moves," from the intricate motors that whir in hard drives to the hulking ones used on oil rigs.
Japan's economic rebirth is in trouble, and China shares part of the blame. Exports have slumped, and companies that depend on Japan's fast-growing neighbour are slashing profit forecasts and considering idling factories. "It's the beginning of the end for Abenomics," Yuichiro Tamaki of the opposition Democratic Party for the People told reporters in mid-March."We continue to see an increase in consumer spending and capital investment, which are pillars of demand," Yoshihide Suga, chief Cabinet secretary, said at a March news conference."There has been no change in the moderate recovery of the economy.
Abe's economic proposals were supposed to lift Japan out of a slump that had begun in the early 1990s. They included what he called the"three arrows" of Abenomics: increasing Japan's money supply, raising government spending and proposing fixes to long-standing problems that discouraged companies from hiring and investing.
As deflation pushed down prices, companies struggled to increase profits. Deflation generally discourages consumers from making major purchases as they wait for lower prices and better deals.
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