2009年2月25日 星期三

Hopeless Japan

Today I see another reason of the weak yen:

"Japan’s exports plunged 45.7 percent in January from a year earlier" - www.Bloomberg.com

That how bad it it. 45.7% drop, over 50% for exports to USA.

With old population, negative population growth, you cannot rely on domestic spending.

"The government has been unable to pass a stimulus package that could help encourage domestic spending in the absence of export demand. Prime Minister Taro Aso is struggling to get approval from the opposition-led upper house to spend 10 trillion yen to aid companies and households, whose sentiment is near a record low."

They cannot even pass a package to save the economy, and this is the election year with means nothing can be passed until the election. Even longer if you have a change of governing party.

Every end seems like a dead end for Japan. RIP.

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