Japan vs China

In: Business and Management

Submitted By steveng
Words 987
Pages 4
Trade between China and Japan is worth about $345bn (£212bn). That alone, stands as a significant portion of trade, investment, and revenue. Short-term revenue, for example would be a one-time exchange of trade whereas long-term revenue would be long-term trade obligations between two business or parties. The full terms of the obligation are usually carried out over more than one year.
Some industries are heavily dependent upon long-term revenue for sustained profits and to pay for basic operating costs. Long-term revenue, however, is not simple to define because it can mean different things in different industries.
[http://smallbusiness.chron.com/definition-longterm-revenue-38225.html]
Let's take a look at how Japan's economy and trade as well as long-term revenue has been hit as a result of the conflict over the Diaoyu Islands. Japan has the world’s third largest economy, and is the second largest holder of US treasury bonds. It has a large impact on global commodities and energy: it is the largest importer of liquid natural gas (LNG) and third largest importer of crude oil. Despite its financial troubles, it still carries considerable weight in financial global institutions like the IMF, the World Bank, and the World Trade Organization. However, Japan's economy contracted in the latest quarter, signaling that like Europe it may already be in recession, further weighing down world growth. Japan's outlook remains bleak, with most economists forecasting a further decline in economic activity for the October-December quarter, which would officially put it in a recession. Incidents in China are likely to cause lasting damage to Japan’s extensive manufacturing operations. The Japanese car industry was hardest hit as mobs targeted Japanese brand vehicles, in some cases smashing them or setting them on fire. Japanese carmakers temporarily closed dealerships as a…...

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