JEMA statistics show strong yen hurting electric manufacturing
Total electric machinery and instrument industries in Japan amounted to (US)$280.7 billion in 1994, according to a recent study from the Japan Electrical Manufacturers` Association (JEMA). Equipment in the study included electric power generation equipment, electrical transmission and transformation equipment, industrial equipment, motors with electrical equipment and household appliances. Total production showed slight growth at 1.6 percent above 1993, attributed to the steep appreciation of the yen. In the heavy electrical apparatus field, output was (US)$41.5 billion, 0.7 percent less than 1993. The strong yen, combined with expanded overseas production, brought export reductions of more than 10 percent at (US)$3.2 billion. Imports grew 9.5 percent to (US)$950 million.