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The crisis in China will affect the economy of Japan
The slowdown in economic growth in China may affect the economic situation in Japan. Analysts at Bank of America Merrill Lynch do not exclude instability in the Chinese financial markets during the current year and note that if the Chinese authorities do not take decisive action, a systemic economic crisis in the country is possible. The growth rates of the Chinese economy may fall immediately by 5 percentage points, the Japanese yen will continue to grow, while oil prices may fall significantly. Thus, Japan's GDP may lose from 0,5 to 1,2 percentage points, depending on the situation.
Currently, 55% of Japanese exports go to developing countries in the Asia-Pacific region and China. As a result, the slowdown in China’s economy may have an impact on some other countries in the Asia-Pacific region.