business

Japan has trade deficit for 2nd straight year

15 Comments

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15 Comments
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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.

6 ( +6 / -0 )

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?

5 ( +5 / -0 )

I don't see any blame mentioned in the article.

Dude, it's the very first line of the article:

its exports were hurt by a slowdown of demand in China amid a tariff war with the U.S.

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.

4 ( +4 / -0 )

Hooray for Abenomics!

3 ( +6 / -3 )

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.

3 ( +3 / -0 )

albaleo - I don't see any blame mentioned in the article.

Perhaps this will help you understand:

its exports were hurt by a slowdown of demand in China

0 ( +0 / -0 )

Perhaps this will help you understand:

its exports were hurt by a slowdown of demand in China

Are you saying that's fake news?

0 ( +1 / -1 )

Perhaps this will help you understand:

its exports were hurt by a slowdown of demand in China

That seems like a statement of fact, not blame. (fact according to the Associated Press, anyway)

-1 ( +0 / -1 )

China grows at around 6% and Japan is a basket case-no change there then!

-2 ( +1 / -3 )

Nope... easier to pin all the blame on the 'trade war' and the Chinese market.

So you think the Chinese market had nothing to do with it?

-2 ( +0 / -2 )

China grows at around 6% and Japan is a basket case-no change there then!

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".

-3 ( +2 / -5 )

So, they are blaming China for this too?

Who do you mean by "they"? I don't see any blame mentioned in the article.

-3 ( +0 / -3 )

@kurisupisu

China grows at around 6% and Japan is a basket case-no change there then!

Please enlighten me on which industries, excluding telecommunications, did China grow?

-4 ( +0 / -4 )

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