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Japan posts a surprisingly large 8.1% Y/Y drop in exports (expectations were for a 2.9% fall),...

Japan posts a surprisingly large 8.1% Y/Y drop in exports (expectations were for a 2.9% fall), swinging its trade balance to a $6.5B deficit. Exports to the EU plunged 25.1%, to China down 11.9%. The yen briefly dropped on the news, but has since recovered to little changed vs. the greenback.
Comments (2)
  • BruceInKY
    , contributor
    Comments (416) | Send Message
     
    Ouch. Taiwan and So. Korea numbers are equally troubling.
    22 Aug 2012, 07:39 AM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    Well, the good news is that Japan can print money instead of exporting stuff. That will work forever.
    22 Aug 2012, 07:51 AM Reply Like
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