Japan's Earthquake Affects Asian Economic Growth

Japan 3.11 Earthquake effect The decline of Asian trade to Japan will become one of the important reasons for the decline of economic growth in various countries and regions. Due to Japan's logistical chaos and low demand, in March, Asian countries reduced their sunrise to varying degrees: Singapore fell 6.9% compared with the same period last year, while China's Taiwan decreased by 2.5%, and Indonesia's annulus ratio dropped by 25% (fast reported value). according to Malaysia Mizuho Securities survey and consulting department estimates that if the nominal GDP growth rate in Japan falls by 1.5 percentage points, the growth rate of ASEAN will be reduced by 0.43 percentage points due to the decrease in exports to Japan. The most affected one is Malaysia's 0.70 percentage point decrease, while Vietnam and Thailand respectively decreased by 0.54 and 0.45 percentage points respectively.

Due to Japan's inability to guarantee the supply of normal parts and its impact on the economy, Japan's exports to China increased by only 3.8% in March, a sharp contrast with the increase of nearly 3 in February. TOYOTA and other joint-venture companies in China have made it clear that they will not be able to guarantee the supply of spare parts. Planned reduction 。