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Martin Murray

Japan Exporting Manufacturing Jobs

By February 6, 2012

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As much as we hear every day that American manufacturing jobs are being shipped overseas, other nations are in the same situation, some for the first time. Japan has suffered significantly since the tsunami last March and now finding that it's losing manufacturing jobs to South Korea, Vietnam and China.

The devastation of the Tsunami caused the almost complete shutdown of the nation's nuclear power stations, destruction of factories, roads, ports, and the displacement of population. The knock-on effect has meant Japan's major manufacturing companies are suffering; Sony lost $2 billion in the last quarter of 2011, Nintendo announced it first loss in 30 years, and Sharp announced it biggest loss in the company's history.

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