JAPAN IN THE 1990S--THE LAND OF RISING YEN AND SHIPBUILDING PRICES. WILL THE TREND CONTINUE?
It is told how Japanese shipbuilding, beset by problems of overtonnage and stiff competition, survived a period of stagnation in the 1980s. During that time, production facilities were cut by one-half and the total work force was reduced by 80 percent. It was also a time when shipbuilders had to absorb enormous losses from the rise of the yen against the U.S. dollar, the U.S. dollar being the basic currency of international transactions. The appreciation of the yen, however, was essentially a reflection of Japan's economic strength, and with continued internal restructuring and renewed government support, the shipbuilding industry of Japan gained renewed energy. By early 1989, Japan had made considerable progress toward eliminating its shipbuilding production, financing and technological problems and was well on the way to an expected economic revival.
- Conference paper
- Manabe, Y
- Tanker '90
- Location: London, England
- Date: 1990-3-5 to 1990-3-6
- Publication Date: 0
- Pagination: 20p.
- TRT Terms: Maritime industry; Shipbuilding
- Geographic Terms: Japan
- Subject Areas: Construction; Marine Transportation;
- Accession Number: 00661733
- Record Type: Publication
- Source Agency: Maritime Technical Information Facility
- Files: TRIS
- Created Date: Jul 21 1994 12:00AM