As Malaysian electrical and electronics export takes a hit from slower US demand, news from the third largest market for Malaysian export might not be welcomed:
TOKYO – Japan’s economy contracted in the April-June quarter, the government said Monday in a revision of its preliminary estimate that it had expended.
The latest data suggest that the world’s second largest economy – which has been recovering in recent years – may be suffering a slowdown in its pace of growth, making it harder for the Bank of Japan to raise interest rates anytime soon. [Japan Says Economy Contracted in 2Q. Associated Press via Forbes. September 10 2007]
One reply on “[1362] Of another bad news for Malaysian export-driven economy”
[…] I have stated earlier that the government of the day has missed its chance to ride on positive sentiment due to slowing economy. There has been talk of having the election in November but given the latest news from Japan. […]