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JAPAN NEWS AND DISCUSSION

Nippon Steel, Sumitomo Metal to merge

Business Sep. 23, 2011 - 06:54AM JST ( 7 )

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7 Comments

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realmindSep. 23, 2011 - 08:52AM JST

They can do better business if they go to Africa and buy many of the metal reserves before China buy it. Strong yen helps to do it. Have control of those resources and help the poor African countires. If China goes they only exploite the poor.
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TumbleDrySep. 23, 2011 - 11:29AM JST

realmind: What? The West and China has been exploiting Africa and Japan won't do any better.
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CaptcanuckSep. 23, 2011 - 12:49PM JST

Counter productive to Japanese growth. Less mergers and more competition is needed to promote growth. Reduce protectionism and allow more competition. This is the only way for Japan to keep its head above water.
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Brad MoreikoSep. 23, 2011 - 04:23PM JST

I foresee major layoffs in the next few years.
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Jeffrey DuelleySep. 23, 2011 - 11:14PM JST

Japan was in an extremely massive economic bubble in the 80s. That's why the de-leveraging process has taken so long. Growth will come in time, but it might take another decade or so. Japan generally does things right, byt needs to end any and all forms of government stimulus.
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realmindSep. 24, 2011 - 07:56AM JST

Counter productive to Japanese growth. Less mergers and more competition is needed to promote growth. Reduce protectionism and allow more competition. This is the only way for Japan to keep its head above water.

The competition is not with in the country. That age has gone. Now the competition is international.