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Regions :: North Asia :: Japan

Japan: Quake Recovery Continues

3:16 PM MST | January 9, 2012 | Robert Westervelt

Spending on earthquake recovery efforts following the March 11 East Japan Great Earthquake should boost Japan’s economy and chemical demand this year. Japan’s GDP is expected to grow 2%/year in 2012 and 2013, according to IHS Global Insight. Japan’s chemical production is expected to grow 3.4% in 2012 and 3.5% in 2013, according to ACC estimates. Growth will likely be weighted toward the second half of 2012 as the short-term outlook for Japanese chemical makers remains weak. Several Japanese chemical makers recently cut their earnings forecast...

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