December 2012

2012 Petrochemical Review

Asia: Japan

The Japanese economy showed steady recovery for 2003–2007. However, due to the global recession in late 2008, Japan’s GDP growth decreased to –1% in 2008 and to –5.5% in 2009. Due ..

Yoneyama, M., IHS Chemicals

The Japanese economy showed steady recovery for 2003–2007. However, due to the global recession in late 2008, Japan’s GDP growth decreased to –1% in 2008 and to –5.5% in 2009. Due to the counter-effect from the low growth rates in 2009 and 2010, the GDP growth rate showed high recovery of 4.4% in 2010. In 2011, the earthquake on March 11 damaged some manufacturing plants in the Tohoku and Kanto Districts. The damage to part producers in Tohoku District disrupted the “supply chain” to user industries, especially the automobile industry. As a result, 2011 automobile production in Japan decreased by 13% from 2010 levels. Production and consumption: Ethylene Tab

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