Japan's business confidence is improving and new economic opportunities are in the works
Healy Consultants Group PLC
25 November, 2016
The "Abenomics" seem to be working at last as manufacturing in Japan is improving for third straight month. Expectations from the Bank of Japan's surveys show gradual economic recovery and confidence in service sectors as well.
Foreign trade demand are improving and the Japanese economy is going to grow at a modest yet positive 0.9%, as calculated in November.
With such positive news coming from Japan, foreign investors begin to eye again its economy, with Russia being first in line. As Gazprom's CEO Alexei Miller advised: "Japan is a major energy market in the world and we can see new opportunities, projects, directions for cooperation with Japanese companies." The Russian energy giant believes securing a major share in the Asian manufacturing titan will secure easy and convenient exports in the next decade.
Japan is also considering expanding its business relationship with Russia over the coming months. The expected bilateral economic discussion between both country's Prime Ministers, expected Mid December, will surely bring to life many new and large projects, vital for Japan.
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