Share “Japanese ambassador reports country's...”

Japanese ambassador reports country's economic recovery is under way

Japanese Ambassador Ichiro Fujisaki addressed a full crowd Friday at the state Capitol, denying as false any reports that his country was suffering an extended economic downturn, then affirming that recovery from last year's earthquake and tsunami is well under way.
by Steve Lackmeyer Published: August 6, 2011
Advertisement

But the 2008 economic crash hit Japan hard, he added, with industrial production dropping 22 percent and exports dropping 33 percent in 2008. The overall impact on Japan's economy was unprecedented, he said, but recovery was under way in 2010 with gross domestic production up 4 percent.

The earthquake halted that recovery. He presented a photo series showing the country is rebuilding, and reported 80 percent of the country's industry is coming back online, with the rest expected to recover in September.

Fujisaki said tourism remains down by 30 percent, and he urged the crowd to consider visiting Japan. He said artists including Lady Gaga and Justin Bieber have shown the country is safe to visit.

“We appreciate some of the very talented artists coming to Japan and telling the world we are open for business.”

by Steve Lackmeyer
Business Reporter
Steve Lackmeyer is a reporter and columnist who started his career at The Oklahoman in 1990. Since then, he has won numerous awards for his coverage, which included the 1995 bombing of the Alfred P. Murrah Federal Building, the city's Metropolitan...
+ show more


Trending Now


AROUND THE WEB

  1. 1
    Two teachers' refusal to give tests puts their jobs at risk, but they say it's worth it
  2. 2
    Few Oklahoma exonerees receive payment for wrongful convictions
  3. 3
    Tiger Woods hires a new swing coach
  4. 4
    Man convicted of beating grandmother to death while high on PCP
  5. 5
    30,000 missing emails from IRS' Lerner recovered | WashingtonExaminer.com
+ show more