Current News was informed that Bank Negara Malaysia (BNM) has begun to take a more holistic approach regarding monetary policy when they see the situation prevailing in the country of rising sun.
Nowadays, Japan had experienced quite critical period when the economy entered a recession, that would indeed its impact to Malaysia which is one of the largest trading partner for Malaysia besides Thailand, the United States, China and Singapore.
Based on the review of News from Reuters news reports indicated that many economic expert were surprised when the Japanese economy in recession since the third quarter of 2014, causing the Japanese government has suspended the basis of 8 per cent rise in sales tax that was introduced by Prime Minister Shinzu Abe before.
Other countries that export a lot of products and goods for use in Japan began to feel the effect when the company such as Coach, Harley Davidson, Tiffany and more others companies from the US began to feel the effect from that. This is just one example only.
The effect of the fall of the Japanese economy is not a small issue. The effect is very large to the whole world. Furthermore, the status of the Japanese economy is the third largest in the world.
Latest, Japan has given warning to the United States, European countries and other countries involved in the Japanese economy, including to Malaysia where Japanese export trade with major trading partners that they will be affected due to uncertainties and unbalance of their economies at this point.
The value of Malaysian exports started to decreased due to the fall of the Japanese economy during this time as well reducing revenues Malaysia. So, how Malaysian will overcome this problem? Is it give big impact on Malaysian? Hopefully, Malaysian's government can overcome this problem and stabilize our economic.
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