June 21, 2011

Japan Autumn recovery expected by CEO of Ajinomoto

Ajinomoto food and ingredients maker CEO expects Japans economy to recover by the Autumn from the effects of the tsunami and earthquake that devastated the region in March. Masatoshi Ito told the Dow Jones "that the Japanese economy was just about to get over the Lehman Brothers shock of 2008 and getting into a mode of growth".

He also said "The fundamental infrastructure was [there] for the recovery mode and, although there were effects from the earthquake, the final impact will not be that great,” he went to to say. "Especially in consumer goods, sales for April and May have been very stable," he said. "Although there are certain sectors of the industry that have been heavily affected by the earthquake, we believe that by the autumn much of the economy will recover". Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers

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