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Challenges Facing Japanese Steel in Today's Global Economy

Yoshitaka Fujitani

Title:
Challenges Facing Japanese Steel in Today's Global Economy
Author(s):
Fujitani, Yoshitaka
Date:
Type:
Reports
Department(s):
Center on Japanese Economy and Business
Persistent URL:
Series:
Center on Japanese Economy and Business Occasional Papers
Part Number:
21
Geographic Area:
Japan
Publisher:
Center on Japanese Economy and Business, Graduate School of Business, Columbia University
Publisher Location:
New York
Abstract:
Japanese steel production has surpassed U.S. output since 1982. This shift in steel output leaders occurred against the background of a severe recession in the United States caused by high inflation, subsequent high interest and strong dollar policies which were extremely damaging to American manufacturing, not only to steel but also to auto production and other areas. The final blow, which made the recession even worse, was rising energy costs fueled by the oil crisis. The loss of American manufacturing competitiveness was followed by a hollowing-out effect as some manufacturers moved off-shore. Since 1982, the U.S. current account has been in deficit.
Subject(s):
Commerce
Labor economics
Item views
218
Metadata:
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Suggested Citation:
Yoshitaka Fujitani, , Challenges Facing Japanese Steel in Today's Global Economy, Columbia University Academic Commons, .

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