The Emperor is doing fine after his operation. Ooh! Look at this spectacular solar flare! And who can resist this great pic of Mount Fuji, Japan’s sacred mountain? And the Festival’s started in Rio! And anyway, there’s nothing to worry about, and the endless gradual increase in consumption tax will fix everything, and I think we can all ignore the sour-grape nobodies who say it’s not the answer (thanks to Mike Modernmarketingjapan Rogers for the link). Our leader has spoken! No further debate is necessary.
According to data compiled by the Ministry of Finance and the Bank of Japan, the net foreign direct investment outflow rose from the 109.9 billion yen in 2010 to 183.2 billion yen last year.
The latest figure is the highest on record going back to 1985,…
European multinational banking group Dexia Group left Japan in June … and major U.K. supermarket chain operator Tesco Plc … plans to withdraw.
Allianz Life Insurance Japan Ltd. stopped selling new policies at the beginning of the year, while Exxon Mobil Corp. announced late last month that it will sell its Japanese oil refining and sales operations to TonenGeneral Sekiyu KK 5012.
One major reason behind the exodus is the yen’s appreciation … Power shortages and supply chain disruptions… [my emphasis]
A poll conducted by the Ministry of Economy, Trade and Industry after the calamity shows 30% of foreign firms that had intended to invest in Japan were contemplating canceling or reducing their plans.
via 2012/02/18 03:27 – Foreign Firms Stepped Up Exodus From Japan In ’11.