Affected by the Diaoyu Islands dispute, Japan's economy was deep drag. United States, "Business Weekly" quoted JP Morgan report said, the two largest economies, Sino-Japanese trade totaling up to $ 340 billion, and the intensification of the Sino-Japanese territorial dispute led to the decline in Japanese exports, Chinese tourists to Japan to reduce. Kanno, an economist at JP Morgan Japan Masaaki, and Anda Masamichi expected, Japan's fourth-quarter GDP will be negative growth of 0.8%, rather than the original estimate of zero growth. JP Morgan Chase, Morgan Stanley and BNP Paribas are predicted, in August this year, Japan's exports shrink by 5.8% compared to the same period last year, for the third consecutive month of negative growth in exports to China fell by 9.9%, a decrease of 22.9% in the EU. Consecutive negative growth in the Japanese economy in the last two quarters of 2012.JP Morgan economists said that China's economy may also be adversely affected, because Japanese companies may therefore accelerate its investment in China, the production transferred to other Asian countries.
The Japanese automotive industry has been badly hit. NBC in the United States, "Finance Channel", said Chinese consumers in the anti-Japanese demonstrations after the Japanese brands shunned, just past the third quarter, the Japanese automobile exports to China is estimated to fall by 70%, but the car zero parts exports are likely to fall 40%. Mazda has said that a 35% decline in sales in China last month, Mitsubishi Motors September sales in China fell by 63% compared to the same period last year, while Toyota car in China in August delivery dropped 50%. Agence France-Presse also said the continued tension in Sino-Japanese relations, Japan, Nissan, Honda, Toyota Big Three auto brand plans to cut capacity in China half after the end of China's Golden Week holidays, Nissan will suspend night shift, Toyota and Honda will reduce daily production line operators time and slow down the speed of the production line process if the cut last one month, three brands will cut 30 000 -4 million cars.
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