New Market Report Now Available: Japan Infrastructure Report Q3 2013
We continue to expect Japanese construction activity to improve in 2013, with a stimulus package in early-2013 and a large project pipeline generating real growth of 3.2% in 2013, higher than the growth rates seen in 2011 and 2012. However this short-term boost in construction activity will come at the expense of long-term growth in the construction sector, with fiscal and borrowing cost concerns adversely affecting long-term capital expenditure plans. Although there have been attempts by the government to carry...
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