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Diaoyu Islands dispute hits Japanese economy

11-01-2012 21:43 BJT Special Report:Diaoyu Islands: China’s Inherent Territory |

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Economists say Japan’s economymay have shrunk by as much as 4 percent in the third quarter of this year. That’s partly due to worsened relations with China, with mass boycotts of Japanese goods since the Diaoyu islands dispute exploded.

According to Kyodo news, about 200 companies, including motor companies and automobile enterprises have lowered their 2012 profits in October. The agency said there was no way to predict when relations with China might improve, and decreased sales could continue for some time.

Editor:Zhang Jianfeng |Source: CCTV.com

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