'Made by Japan' will increasingly replace the 'Made in Japan' stamp on the goods the world buys, as the prolonged impact of the country's devastating tsunami pushes manufacturing overseas, according to economists. On Sunday, Japan marked the first anniversary of the disaster that decimated Japan's northeast coast, left more than 19,000 dead or missing, and sparked the worst nuclear disaster since Chernobyl.
The disruption wreaked on global supply chains by Japanese factory shutdowns in the wake of the crisis has made businesses wary of the concentration of production in the country, Capital Economics has warned.
These concerns are accelerating the "hollowing out" of Japanese industry, with companies trying to reduce risk by sourcing from Japan's competitors. Japanese manufacturers are meanwhile pushing production abroad and establishing back-up sites. Read More
