Comments on: Japanese Trade Implosion Continues, Exports Fall 41% http://www.nakedcapitalism.com/2009/06/japanese-trade-implosion-continues.html Mon, 23 Nov 2009 11:04:35 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Sivaram Velauthapillai http://www.nakedcapitalism.com/2009/06/japanese-trade-implosion-continues.html#comment-49393 Sivaram Velauthapillai Wed, 24 Jun 2009 15:23:56 +0000 http://www.nakedcapitalism.com/2009/06/japanese-trade-implosion-continues-exports-fall-41/#comment-49393 Japan is facing one of the consequences of manipulating its currency. The Yen was artificially low and this made their economy dependent on exports. Now that the Yen is back to normal levels (it may strengthen further, like the US$, if deflationary forces take hold) a lot of the Japanese exporters will face serious issues. Unfortunately, I think their whole economy needs to be re-structured and that may be painful... Japan is facing one of the consequences of manipulating its currency. The Yen was artificially low and this made their economy dependent on exports. Now that the Yen is back to normal levels (it may strengthen further, like the US$, if deflationary forces take hold) a lot of the Japanese exporters will face serious issues. Unfortunately, I think their whole economy needs to be re-structured and that may be painful…

]]> By: francois-guillaume http://www.nakedcapitalism.com/2009/06/japanese-trade-implosion-continues.html#comment-49377 francois-guillaume Wed, 24 Jun 2009 05:40:07 +0000 http://www.nakedcapitalism.com/2009/06/japanese-trade-implosion-continues-exports-fall-41/#comment-49377 the numbers are so bad... its really a total collapse... the numbers are so bad… its really a total collapse…

]]> By: Hugh http://www.nakedcapitalism.com/2009/06/japanese-trade-implosion-continues.html#comment-49374 Hugh Wed, 24 Jun 2009 02:32:39 +0000 http://www.nakedcapitalism.com/2009/06/japanese-trade-implosion-continues-exports-fall-41/#comment-49374 What is happening in Japan is in line with what we knew. It was assumed that depression would hit harder and faster outside the US than inside, for the moment. <br /><br />But given the poor, misguided, and wasteful policy responses so far by both the Bush and Obama Administrations I can't help but think that in Japan and Asia we are looking at our future, not that the situations will play out the same way, just that they will be as bad. What is happening in Japan is in line with what we knew. It was assumed that depression would hit harder and faster outside the US than inside, for the moment.

But given the poor, misguided, and wasteful policy responses so far by both the Bush and Obama Administrations I can't help but think that in Japan and Asia we are looking at our future, not that the situations will play out the same way, just that they will be as bad.

]]> By: mxq http://www.nakedcapitalism.com/2009/06/japanese-trade-implosion-continues.html#comment-49373 mxq Wed, 24 Jun 2009 02:20:35 +0000 http://www.nakedcapitalism.com/2009/06/japanese-trade-implosion-continues-exports-fall-41/#comment-49373 speaking of china...<br /><br /><a href="http://blogs.wsj.com/chinajournal/2009/06/23/chinese-stats-official-says-economic-growth-was-slower-than-many-thought-last-year/?mod=rss_WSJBlog" rel="nofollow">WSJ China Blog reported</a> 4q08 annualized growth was supposedly only 0.4% rather than the 6.8% yoy headline growth that was bandied about by the chinese govt.<br /><br />i guess six months after the fact, it doesnt matter... speaking of china…

WSJ China Blog reported 4q08 annualized growth was supposedly only 0.4% rather than the 6.8% yoy headline growth that was bandied about by the chinese govt.

i guess six months after the fact, it doesnt matter…

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