Friday, March 13, 2009

Japan Post Record Current amount Deficit

The article "Japan Posts Record Current Amount Deficit" This has not been a problem for over 13 years. Their key regions, are United States, Europe, and Asia, were all down sharply due to the deteriorating global economy. Exports in January dropped a record 46.3% (3.28 trillion) and fell to a 31.7% (4.13 trillion). Japan's exports to the largest economy, the United States, dropped 52.9%, Asia fell 46.7%, and Europe 47.4%. A big reason for the Japan decrease in exports are that the countries named above and not buying Japanese expensive goods such as cars, and electronic goods.

I honestly had no idea really that other countries were going through a hard time as well, but it makes perfectly sense because if you start trying to buy your countries products instead of China and others countries products. You are dropping there money that they are making, which makes times harder for them also. I think it stinks because the entire world works around one another with economic interdependence. If we stop buying products from other countries I think they will not try to help our economic crisis. And also quit investing into the stock market http://en.wikipedia.org/wiki/Stock_market. Which will bring all of our business in the stock market down.

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