Japanâs exports fell more than economists estimated in May, adding to signs the worldâs third- largest economy may struggle to recover from the March 11 earthquake and tsunami. Exports decreased 10.3 percent from a year earlier after Aprilâs revised 12.4 percent drop, the Finance Ministry said today. The median estimate of 25 economists surveyed by Bloomberg News was for an 8.4 percent decline. The nation posted a trade deficit of 853.7 billion yen ($10.7 billion), the second biggest since comparable data were made available in 1979. Shortages of power and parts have disrupted production and slowed overseas sales, prompting Japanese companies including Honda Motor Co. to forecast weaker earnings. Higher unemployment in the U.S. and weakening demand in Asia indicate Japan wonât be able to rely on global demand to pull itself out of a slump caused by the quake. http://www.bloomberg.com/news/2011-06-20/japan-s-exports-declined-more-than-expected.html I am recalling the times when actually news like this would have been a reason to sell the JPY into oblivion. It seems nowadays there is no more logic in any macro figure, or? :eek:
Nothing maters because western Central Banks have made western markets artificial (western markets include Japan, but not China) Artificial is the word of the century IMO Artificial food Artificial colors Artificial sweeteners Artificial Economy Artificial Numbers I am an old timer and I am pissed because I remember 15-20 years ago things were considered NATURAL, meaning less side effects Now with artificial everything, economies get cancer, not just people
the earthquake and tsunami that wiped out many cities, towns, and villages will be rebuilt into modern energy savers building and homes. Also, tsunami modern high tech seawall will be built. If that seawall works, the demand will be high for other countries. Therefore, japan will be busy More jobs available Buy/invest japan in the long term
Everything is just peachy isn't it Radiation will subside within 30 years everything will be rebuilt OR More devastating earthquakes will topple Japan and even United States forcing US to default come 2012 How do you like them apples I won't invest in Japs nor in your precious US government. I'll buy gold
Empires rise and fall. Best thing to do is make a bet on the next big superpower. The runner ups are China Inda Brazil Germany.
LOL gone they will be gone, Israel will eventually attack Iran first they'll blame some incident on Iran. Israel will then figure out it made a terrible mistake, and both countries will be gone, millions of dead. Smokey the bear will dance on their graves.
"The now largely-destroyed Kamaishi City in Japan spent $1.5 billion to construct the world's largest sea wall. The municipality deserves a refund." http://www.cbsnews.com/8301-501465_162-20043500-501465.html