Companies / Japan
Japan: In China's Shadow
October 2006 | Industry NewsIt all seemed so easy until recently. Japan's status as the second-largest global economy at US$4.56trn was based on a world-leading industrial base and a strong export market, itself predicated on reliable energy imports. However, with growing competition for new energy reserves, especially from near-neighbour China, and growing resource nationalism, the government will struggle to achieve its aim of raising its imports from Japanese-owned resources to 40% by 2030, though BMI believe that a supply crunch is highly unlikely over the short to medium term.
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