Brace for impact of Japan’s technical recession

Free Malaysia Today

Weak consumer spending in the East Asian country has led to more conservative capital expenditure and that may have an impact on demand for products from Malaysia, says economist.  Read More: https://www.freemalaysiatoday.com/category/highlight/2024/03/02/brace-for-impact-of-japans-technical-recession/  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #Japan #TechnicalRecession

Transcript

00:00 An economist says Japan's recent slip into recession and economic stagnation, caused

00:09 by China's economic slowdown due to strict COVID-19 lockdowns, will affect Malaysian

00:13 exports to the country.

00:16 Japan experienced a 0.1% decline in capital expenditure in the last quarter of 2023 compared

00:22 to the third quarter, marking the third consecutive decline for the year.

00:27 Jeffrey Williams of Malaysia University of Science and Technology said this will result

00:31 in a slowdown in production, decreasing demand for Malaysian products.

00:36 He said Japan's economic stagnation has resulted in a decline in consumer spending, adding

00:40 that businesses are adopting a more conservative approach to capital spending due to reduced

00:45 confidence in future sales growth.

00:48 Meanwhile, Carmelo Ferlito, CEO of Think Tank Center for Market Education, said the concept

00:54 of a technical recession, which focuses solely on a country's GDP, does not reflect its true

01:00 economic status.

01:01 He added that irresponsible lockdowns forced governments to expand their money supply through

01:06 expansive fiscal and monetary policies, resulting in inflation.

01:11 Lai Wei Hsieng from Universiti Kebangsaan Malaysia said Malaysia's trade with Japan

01:15 will remain largely unaffected as the majority of exports to Japan consist of raw materials

01:21 or integral components in supply chains such as petroleum gas, integrated circuits, and

01:26 rubber apparel.

01:27 [BLANK_AUDIO]

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Transcript

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