Japan Wood Products
Prices
Dollar Exchange Rates of
30th September 2008
Japan Yen 106.35
Reports From Japan
Japan’s imports of major forest products fall in first
half of 2008
Japan Lumber Reports announced updated import figures
of major forest products for the first half of 2008, noting
that the total value for these products fell almost 200
billion yen from the same period in 2007. The value of
total imports amounted to JPY463.7 billion, or 30.7% less
than the previous period. This was due in part to waning
demand for imports and a strong yen. The results are likely
to impact future financing for imports. Information on the
value and volume for the first half of 2008 is presented
below:
Losses near 500 billion yen affect real estate,
construction and building materials industries
Japan Lumber Reports indicated that major bankruptcies
were hitting the real estate, construction and building
materials industries, with losses totalling nearly JPY565
billion in August 2008. September is likely to show results
of further bankruptcies. Bankruptcies of housing and
condominium builders also continue to occur, which may
result in more bankruptcies for the wood and building
materials industries.
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