China overtaking U.S. as biggest Japan export market http://in.reuters.com/article/businessNews/idINIndia-30395420071108?sp=true
Thu Nov 8, 2007
By Hideyuki Sano
TOKYO (Reuters) - China is set this year to replace the United States as Japan's biggest export destination for the first time in modern history, likely cushioning the blow to the Japanese economy from a U.S. slowdown. The fate of the U.S. economy, though, will remain more important for Japan for some time, economists say, because a large part of Japan's exports to China consists of machine parts that are assembled and then sold to the United States and other countries. http://in.reuters.com/article/businessNews/idINIndia-30395420071108?sp=true