USA Today: Japan is America's Best Market in Asia
USA Today reported on May 16, " For U.S. companies doing business in Asia, fast-growing China and India generate plenty of headlines and hype. But for actual profits, neglected old Japan remains a better bet by far."
U.S. companies earned nearly $11 billion in Japan last year, more than double what they could muster in China ($3.3 billion) and India ($1.2 billion) combined, according to statistics from the U.S. Bureau of Economic Analysis.
Joseph Quinlan, chief market strategist at Bank of America Capital Management, highlighted the disparity in a report last month, labeling Japan 'America's No. 1 cash cow in Asia.'"
U.S. companies earned nearly $11 billion in Japan last year, more than double what they could muster in China ($3.3 billion) and India ($1.2 billion) combined, according to statistics from the U.S. Bureau of Economic Analysis.
Joseph Quinlan, chief market strategist at Bank of America Capital Management, highlighted the disparity in a report last month, labeling Japan 'America's No. 1 cash cow in Asia.'"
posted by Blogmaster | 3:44 PM
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