Japan - China (Sylodium, import export business)

Japan - China

Trade between China and Japan, Asia’s biggest economies, is set to pick up this year after a two-year slump, irrespective of political tensions, according to the Japan External Trade Organization.

Japan’s trade deficit with China widened last year by 18 percent to a record $52.2 billion, as the Chinese economy restructured and its growth slowed, Yoichi Maie, head of research at Jetro’s China and North Asia division, said at a briefing yesterday.

China’s push for more environmentally friendly equipment and to reduce industrial overcapacity, and rising consumer spending and factory output, this should boost trade, forecasts a recovery in Japanese exports of auto parts, and continuing growth in Japan’s purchase of Chinese smart-phones and telecommunications equipment, according to Yoichi Maie.

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