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Japan Exports Plunge Record 27% as Recession Deepens (Update3)
Japan Exports Plunge Record 27% as Recession Deepens (Update3)
Dec. 22 (Bloomberg) -- Japan’s exports plunged the most on record in November as global demand for cars and electronics collapsed, signaling more factory shutdowns and job cuts are likely as the recession deepens. Exports fell 26.7 percent from a year earlier, the Finance Ministry said today in ...
FT.com / Japan - Japanese exports suffer record fall
ft.com — Japan has suffered its sharpest fall in exports on record as even previously robust markets hunker down... against the shockwaves of the global financial crisis. The slump in demand for the output of the powerful – and economically pivotal – Japanese ... (more) FT.com / Japan - Japanese exports suffer record fall
Japanese Exports Post Record Decline
Japanese Exports Post Record Decline
bespokeinvest.typepad.com — The global recession is making its presence felt all over the world. Last night, the government of... Japan announced that export orders for the month of November fell by 26.7%, for the largest one-month decline since they've been tracking these figures. ... (more) Japanese Exports Post Record Decline
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Morning Reading: States, Sports, SEC, etc.
Paul Kedrosky's Infectious Greed — Some links of interest: High Noon for state and local budgets (Morgan Stanley) John Boyd and the countdown to an economic meltdown (James Fallows) Pro Sports On The Skid? (NPR) The central bank flight to safety (Setser) The trouble with normal is no-one knows what normal is anymore (Cassandra) Japan exports plunge 27% as exports collapse (Bloomberg) China Faces Unrest as Economy Falters (WSJ) 'The Russian Economy Is Turned Inside Out' (WSJ) The China Growth Fantasy (WSJ) ...

Japanese Exports Plunge
Stefan Karlsson's blog — ... , the Japanese Finance Ministry today reported that Japanese exports plunged a record 26.7%. Not surprisingly, exports to the U.S. fell the most (34%), while exports to Europe fell 31% and exports to China 25%. ...

Not Precisely Conducive To Holiday Spirits
MaxedOutMama — I'll get back to cars and gas taxes, but first, a brief global interlude. In 2009 world trade is going to contract. We just don't know by how much. Here's a gander on some of the key Asian stats: Japan: November trade stats announced under the headline "Kablooey": Exports fell 26.7 percent from a year earlier, the Finance Ministry said today in Tokyo. That was more than the 22.3 percent decline estimated by economists and the sharpest since comparable data were made available in 1980.Exports to the US slid 34% YoY. Exports to Europe fell 31%. Exports to China fell 24.5%. Exports to all ...

Auto Bailout, China and Japan
OptionPundit — The news is not getting better, rather gloomier day after day (which is BTW also one of the contrarian indicator of bottoming markets). According to Wall Street Journal, investors pulled out record amounts $72 billion from stock funds overall in October alone. One of the hallmarks of the long market downturns in the 1930s and the 1970s has returned. Rank-and-file investors are losing faith in stocks. In the grinding bear markets of the past, huge stock losses left individual investors feeling burned. Failures of once-trusted firms and institutions further sapped their confidence. Many disenchanted investors stayed away from the stock market, holding back ...

Readings: Distressed debt, Japanese exports, Gold sales
GalaTime — Telegraph: Distressed debt funds line up new year raids Industry sources say private equity and distressed debt specialists have raised about $26bn (£17bn) since the start of October, with some 80pc coming from hedge funds. Distressed debt funds, which buy debt that is trading at a discount because the borrower is at risk of defaulting, have been around for years but specialists are looking forward to a bonanza year in 2009.  Bloomberg: Japan Exports Plunge Record 27% as Recession Deepens ...

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