Japan

Navigating the Downturn The global recession has left Japan’s export-led economy in its most severe downturn since World War II and has upended recovery efforts of the domestic chemical industry. Chemical makers are responding with intensified efforts to rationalize commodity product lines and to focus on automotive, electronics, environmental technology and other areas that play to the country’s strengths. The sharp drop in global chemical demand coupled with the rapid appreciation of the yen have hit Japan’s chemical industry hard with sales...

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