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Japan records trade deficit as imports surge on energy costs

17 Comments
By Yuri Kageyama

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17 Comments
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Economy has to be sacrificed in order to keep the population safe from Covid-19.

-12 ( +2 / -14 )

Safe from the Russians the way Japan try to sheepishly follow every sanction whether or not it's good for them

-4 ( +6 / -10 )

Nice job Ldp they ruined the economy, don’t worry they’ll get in no matter what they do to Japan or it’s people.

2 ( +8 / -6 )

Japan records trade deficit as imports surge on energy costs

"Japan to double Ukraine aid to $600 million" -- Japan Today, 19May2022 [oh yeah...today!]

The world currencies are being debased (aka 'inflation') at a record rate. My primitive understanding of economics is that this may put a crimp in retail spending by countries in which this is happening (see: USA, UK, Japan, et alia), particularly new cars, but also many other Japanese exports. Hmm, but yes, let's send the shrinking national Gold reserves (see: Forex) to Ukraine to support a fascist government because the U.S. wants us to do that. What? ME worry? Deep recession? Naw, that's just 'fake news' to scare us like 'climate change'...oh, it's 50°C in Pakistan in May? Must be Putin's fault...

-2 ( +6 / -8 )

The war in Ukraine, meanwhile, has pushed prices for oil and gas sharply higher, increasing costs for a country heavily dependent on imported resources to fuel its economy.

Prices were moving higher well before the war in Ukraine-oil prices are coming down at present-surprise?

Too mich money dlowinto

companies and punters were getting loans to

rinse and repeat.

Energy shareholders sitting on massive stock gains.

Think the supply chains are broken?

I’ve moved goods to Europe 4 times this month-it takes three days to arrive on average.

No!

The problems are being fomented by the liberal flow of money to the wrong people.

The same way that airlines are hiking their fares to make up shortfalls in passenger numbers.

Now the little people are paying the price for the great debacle….

-6 ( +0 / -6 )

As usual, there is plus and minus.

-4 ( +1 / -5 )

People here just don’t get what’s happening.

Last year in March I sat in the the ANA lounge at Haneda where there were more staff than passengers-the same on the plane.

It was so good that I wanted to stay in the lounge!

However, ANA was buoyed up by large cash injections from the Japanese government.

I asked the staff how they were getting home as my flight wasn’t until after midnight.

“By taxi”

came the reply.

ANA was then and is now , completely skewed!

The same as thousands of other Japanese companies.

Well, now things are attempting to become normal

again but ‘normal’ is hard to find…

3 ( +4 / -1 )

Big thanks to dumbass LDP leadership that wasted decades on laissez-faire energy policy rather than choosing to lead on renewable energy.

It's now 2022 and Japan is trailing virtually every developed country on renewable energy market-share. Japan is even the US on EV penetration and all of western Europe on building electrification (replacing gas with IH and water heating heat pumps).

-1 ( +3 / -4 )

Japan should adopt the cryptocurrencies as its national currency.

-4 ( +2 / -6 )

Sell your YEN until you still can!

If the situation will continue and most likely it will then Japan is in big troubles.

It depends how long other countries will be willing to accept YEN for their goods rather then some other currency, but by printing money without creating any value Japan doesn't have anything to offer.

Exports are drying out as not much left being produced in Japan anymore. Resources are expensive, however this could be solved with switching to nuclear power. Japan need to turn nuclear power plants ASAP.

-5 ( +5 / -10 )

Japan is boasting again and as usual Ukraine is to blame

-6 ( +2 / -8 )

A big round of applause for Kuroda and former PM Abe, as well as others who made the massive devaluation their goal for years. They kind of forgot that it doesn't really work in bolstering the economy when imports end up being exponentially higher as a result, and there is no foreign tourism happening, but it's not like they are economic experts or anything.

-2 ( +2 / -4 )

It depends how long other countries will be willing to accept YEN for their goods rather then some other currency, but by printing money without creating any value Japan doesn't have anything to offer.

Japan can’t get out of its 30 year recession without China. The US is already developed not to mention it is the US that’s keeping Japan in check. Both keep printing money big time.

-1 ( +2 / -3 )

The response will be to print even more money, causing the yen to drop even more, making energy imports even more expensive. An indecorous spiral down.

1 ( +2 / -1 )

Japan should adopt the cryptocurrencies as its national currency.

Yes right, with the oldest population on earth, that's gonna go down well. Paper cash is king in Japan.

1 ( +2 / -1 )

Nice job Ldp they ruined the economy,

The low yen and thus higher prices of imports are the result of the policies of the BoJ, not the LDP.

This isn't all bad news. Japan managed to boost its exports 12.5 percent over the past year. There are recovery trends in the economy, which would grow stronger once the Russia war and China lockdown problems are eased.

-1 ( +0 / -1 )

Japan is onto a hiding!

While China takes up oil and gas (from Russia) at cheaper rates than the Europeans were paying and Chinese production costs are far lower than Japan, it doesn’t a crystal ball to see the future.

Japan will be less able to

compete in the near term and with a complete lack of vision in the LDP then things just will get worse here.

0 ( +2 / -2 )

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