Home / Knowledge / News / Apparel/Garments / Apparel importers thrive on strengthening yen
Apparel importers thrive on strengthening yen
06
Sep '10
Last week as the Japanese yen traded at a record rate of ¥84 to the USD dollar, it may have been troubling news for the exporters in Japan, but it is a time to rejoice for Japanese apparel importers and retailers.

A recently released survey of the Ministry of Economy, Trade and Industry reveals that, about 35 percent of the leading apparel manufacturers in Japan said that, if the US dollar persists at the JPY 85 level, then they would move their manufacturing or development centres to foreign countries, while around 60 percent of them said that they would heighten their overseas production ratio.

Subsequent to the decline of the country's textile and apparel production industry, a major portion of Japan's production has shifted to foreign countries, and that to, to China and SE Asia in particular.

As per the recently released data of the Finance Ministry, imports for the month of July grew by 15.7 percent to JPY 5.18 trillion (US $61.5 billion), leading to a trade surplus of JPY 804.2 billion ($9.5 billion).

Though no recent data exclusively for the apparel sector was available but then, over the past few decades Japan has changed from being a leading exporter of clothing and textiles to a leading importer of the same.

Also though reliable reports as regards Japan's investment value in China's textile industry are not available, around $ 5 billion of the total $10.2 billion of the country's overseas cumulative investment in the textile and clothing sector has been invested in China, according to experts.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search