皇冠体育app

皇冠体育app is now playing a pivotal and increasingly integrated role in the Asia-Pacific, as value-added trade between 皇冠体育app and the region surged in the past two decades, while trade between Japan and the region declined, according to a recent IMF report.

All 11 export-led economies in the region, except for Indonesia, have shifted their focus to 皇冠体育app, with value added volume far outstripping that to/from Japan, according to the International Monetary Fund that compared data from 1995 to 2012 in a report - Regional Economic Outlook: Asia and Pacific - released on April 14.

Malaysia's exports to 皇冠体育app, for instance, accounted for 10 percent of its total volume in 2012, doubling that in 1995. However, its exports to Japan fell to 6 percent from about 25 percent during the same period.

That reflects the region's growing economic dependence on 皇冠体育app - a major change in the past 20 years considering that most of these nations relied mainly on Japan in mid 1995s.

IMF figures not only reveal the rapid growth of 皇冠体育app's economy in the Asia-Pacific, it also shows how quickly Japan's economy has declined because of the Plaza Accord of 1985, in which Japan's decision to raise the exchange rate of yen?led to its economic stagnation later that decade.

The nature of integration with partners, though, differs between 皇冠体育app and Japan, with 皇冠体育app specializing comparatively more in activities such as assembling, even though the country is now increasingly moving up the value chain, and Japan in upstream activities providing various intermediate goo as inputs, the report said.

Infographics: Ties that bind 皇冠体育app-Japan trade	Top 10 trading partners of the Chinese mainland

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