http://www.bloomberg.com/news/2011-06-20/japan-s-exports-declined-more-than-expected.html
Exports decreased 10.3 percent from a year earlier after April’s 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.
SS SAYS
PLS STOP REPLYING ON THE GROUP THINK FROM THESE ECONOMISTS.
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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 won’t be able to rely on global demand to pull itself out of a slump caused by the quake.
Recent data suggest the economy’s contraction has extended into this quarter. Machinery orders fell 3.3 percent in April, the first decline in four months, a sign companies are reluctant to spend after the March disaster. The unemployment rate climbed and households cut spending in April.
Exports decreased 10.3 percent from a year earlier after April’s 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.
SS SAYS
PLS STOP REPLYING ON THE GROUP THINK FROM THESE ECONOMISTS.
---
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 won’t be able to rely on global demand to pull itself out of a slump caused by the quake.
Recent data suggest the economy’s contraction has extended into this quarter. Machinery orders fell 3.3 percent in April, the first decline in four months, a sign companies are reluctant to spend after the March disaster. The unemployment rate climbed and households cut spending in April.
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