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Japan's exports slump 26.2% in June

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Japan's exports plummeted 26.2% in June from a year earlier, bigger than a 24.9% decline seen by economists in a Reuters poll. It followed a 28.3% fall in May -- the worst downturn since September 2009.

And yet the Nikkei stock market is still at the same level as last autumn. How???!!

4 ( +5 / -1 )

 And yet the Nikkei stock market is still at the same level as last autumn. How???!!

All that money floating from BOJ so I guess till the presidential elections in the US we are going to rise. If all the banks printing at one then there is no problem.

I wouldn't worry about Japan, we have Shinzo Abe in charge, he knows what to do, quickly he will come with a new plan!

Patience is the key!

-2 ( +3 / -5 )

this need real rate 1USD abt 150JPY...otherwise exports will be frozen...

2 ( +4 / -2 )

The stock prices is like a dog on a leash. It goes a few steps before his owner (the economy) especially if the owner is throwing ball infornt of the dog, or prints loads of money.

It takes time for the owner to pull on the leash and bring the dog closer to himself.

Hence, the stocks are bound to plummet.

Sooner or later.

I'm am waiting for tbat moment.

It's will be time to go shopping.

3 ( +4 / -1 )

And yet the Nikkei stock market is still at the same level as last autumn. How???!!

The Dow Jones is also back to Fall 2019 numbers. Investors, rightly or wrongly, eye a big recovery boom ahead with possible Covid vaccine, which explains stocks in most places ticking along nicely over the last few months. Further, the market is eyeing the big Olympic boost for 2021.

-1 ( +2 / -3 )

exports plummeted 26.2% in June from a year earlier

Ouch!

2 ( +2 / -0 )

Abenomics is a long term strategy.

-1 ( +1 / -2 )

Better start brushing up those resumes and learning to code. Mass redundancies coming to a place near you soon.

4 ( +5 / -1 )

Export (including inbound tourism) is a tiny chunk of Japan's entire GDP. Most goods and services are still produced and consumed by local residents within the country.

-2 ( +1 / -3 )

“this need real rate 1USD abt 150JPY...otherwise exports will be frozen...”

As one of the least export reliant economies of the majors, the yen should, if anything, be appreciating. A return to 80-90 to the dollar by the end of this year is highly doable.

-3 ( +0 / -3 )

A return to 80-90 to the dollar by the end of this year is highly doable.

that'll only be doable if America is printing flat out and Japan stops, doesn't seem likely that either reserve bank will give up on that practice any time soon. I dont see the yen going below 100yen/$ anytime soon

1 ( +1 / -0 )

US unemployment 11.1%

140,000 deaths from coivd 19

The Americans are either broke or dying to buy Japanese made goods. The same goes for Europe. No surprise that Japanese exports fell.

-3 ( +1 / -4 )

Better start brushing up those resumes and learning to code. Mass redundancies coming to a place near you soon.

Computer jobs won't be safe either. Vietnam and India are going to be the prime outsourcing destinations for corporations, and there is a rising development in automation as well. It is better to prepare yourself as an entrepreneur or a business owner.

0 ( +0 / -0 )

Well, with all the products. Please take care to also consume.

0 ( +0 / -0 )

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