tyb
>for the dough changes too
Japan June exports slump 26.2%, dash hopes for quick economic rebound
Japan's exports suffered a double-digit decline for the fourth month in a row in June as the coronavirus pandemic took a heavy toll on global demand, reinforcing expectations that the economy has sunk into its deepest recession in decades.
U.S.-bound Japanese shipments nearly halved again due to plunging demand for cars and autoparts, while exports to China remained weak, pointing to the absence of a strong growth engine in the global economy.
Global demand for cars and other durable goods has sunk since March as the pandemic prompted many countries to lockdown, forcing businesses to shut and people to stay at home.
Though more countries have now started re-opening their economies, the data could diminish hopes for a quick rebound in global demand and Japan's export-led economy, analysts say. "Exports are likely to seesaw for the time being," said Takeshi Minami, chief economist at Norinchukin Research Institute, citing a renewed rise in virus cases in Japan and the United States. "If domestic and external demand remain sluggish for a prolonged period, supply capacity could be slashed, triggering a jump in bankruptcies and job losses in the latter half of this fiscal year." Ministry of Finance (MOF) data showed on Monday that Japan's exports plummeted 26.2% in June from a year earlier, bigger than a 24.9% decline seen by economists in a Reuters poll. It followed a 28.3% fall in May – the worst downturn since September 2009.
The slump was aggravated by a big annual decline in U.S.-bound car exports, Japan's main export item. Shipments to the United States - Japan's key market - dived 46.6%, due to 63.3% decline in shipments of automobiles, 56% drop in airplane engines and 58.3% fall in car parts.
https://asia.nikkei.com/Economy/Trade/Japan-June-exports-slump-26.2-dash-hopes-for-quick-economic-rebound
certainly got some things that need to be answered
needs to just go
Too long
losing popularity with the campaign arrests now.
It's a long list
wondered how that entire mess is going to be brought under control-the layers.
The banks already owned by BOJ with the overt purchases asset purchases in markets.
The nat security issues: defense, eco, still has to get oil from middle east.