02-18-2004, 11:34 PM
<b>Exports fuel a 7 percent surge in Japan's economy </b>
...
ââWe reckon that 80 percent of the growth in exports in the last 12 months is due to Chinese demand,ââ said Jesper Koll, chief Japan economist for Merrill Lynch. ââThere is absolutely no question that here in Japan, all eyes are on China. If China slows down, Japan will crash.ââ
....
The currency interventions limited the dollarâs drop against the yen to 12 percent in the past year. Even so, the yen is trading at a rate of around 105 to the dollar, a three-and-a-half-year low for the U.S. currency.
...
...
ââWe reckon that 80 percent of the growth in exports in the last 12 months is due to Chinese demand,ââ said Jesper Koll, chief Japan economist for Merrill Lynch. ââThere is absolutely no question that here in Japan, all eyes are on China. If China slows down, Japan will crash.ââ
....
The currency interventions limited the dollarâs drop against the yen to 12 percent in the past year. Even so, the yen is trading at a rate of around 105 to the dollar, a three-and-a-half-year low for the U.S. currency.
...