Masahiro Yoneyama, Vice President, SRI Consulting, a division of Access Intelligence, LLC
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Japan's economy showed steady recovery for 2003–2007. Its real GDP growth rates were 1.9% in 2005, 2% in 2006 and 2.4% in 2007. Owing to this economic growth, together with an increase in exports, ethylene production increased five consecutive years through 2007, and recorded the record highest production of 7.74 million tons (MMtons) in 2007 (Table 1). However, because of the 2008 recession, domestic ethylene production dropped to 6.9 MMtons and
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