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© Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Japan has trade deficit for 2nd straight year
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Cricky
And the 60% of the local economy smashed with another tax increase not looking good either. How's that pay rise? Governments fiscal cuts, not necessary they just raise the tax. What a wonderful thing Abenobics has turned out to be.
Do the hustle
So, they are blaming China for this too? I suppose the multitude of fraud and quality scandals surrounding Japanese products abroad couldn’t possibly have any effect on the slowing international trade, could they?
David Varnes
Dude, it's the very first line of the article:
Nowhere in the article does it mention any of the structural, systemic issues that have hollowed out the economy. Nowhere is there any mention of WHY exports to Asia dropped nearly 8%, and it's not just the 'trade war' with the USA. No mention of a total lack of flexibility or ability to adjust to new product demands.
Nope... easier to pin all the blame on the 'trade war' and the Chinese market.
Heck, I'm just surprised they didn't bring up South Korea and their boycott of Japanese beer.
BertieWooster
Hooray for Abenomics!
mmwkdw
For those of you thinking/worrying that the big R word is coming slowly back again to Japan ...
It's actually never left. The average man on the Street could tell you that. The Economists simply don't get it as they don't live in the real world anyway.
Do the hustle
Perhaps this will help you understand:
its exports were hurt by a slowdown of demand in China
Strangerland
Are you saying that's fake news?
albaleo
That seems like a statement of fact, not blame. (fact according to the Associated Press, anyway)
kurisupisu
China grows at around 6% and Japan is a basket case-no change there then!
Strangerland
So you think the Chinese market had nothing to do with it?
Fighto!
China is not growing. Fact. Thats simply Communist fake news, to appease the masses. There are cities in Communist China- designed for millions of people - that have been sitting empty for years, and will never be used. The constant construction of these ghost cities is how Communist China is able to claim "growth".
albaleo
Who do you mean by "they"? I don't see any blame mentioned in the article.
Tawkeeo
@kurisupisu
Please enlighten me on which industries, excluding telecommunications, did China grow?