IHS Chemical Week

Chemical Week Magazine :: Cover Story

Japan

8:54 AM MST | January 13, 2009 | ROBERT WESTERVELT

Higher Yen, Costs Hurt Prospects The shocks from commodity prices and financial turbulence are expected to bring Japan’s economic expansion to an end in 2009. Japan’s GDP is expected to decline 0.9% this year after a modest gain of 0.5% in 2008, according to the Organization for Economic Cooperation and Development (OECD; Paris). Japan’s chemical makers will be hurt in 2009 as the substantial appreciation of the yen hurts the country’s export sector. Japan’s exports of goods and services in 2009 is expected to slip 3% in 2009, after...

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