Wednesday, August 22, 2007

Prime Minister to the rescue

Yuri Sato, a researcher at the Institute of Developing Economies of the Japan External Trade Organization on the signing of the Economic Partnership Agreement by Japanese Prime Minister Shinzo Abe and Indonesian President Susilo Bambang Yudhoyono:

"Japan and Indonesia can complement each other. By forming a partnership, Japan and Indonesia are trying to avoid the situation where their markets are flooded with Chinese electric appliances."
Yeah. It looks to me more like someone is just set on fire. Four Chinese companies have won contracts to build four coal-fired power plants in Indonesia with a total capacity of 2,870 megawatts out of 10,000 megawatts Indonesia's planning to have. Japan definitely has a problem.

Full article can be found here.

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