Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

Japan exports drop by 50% in February

by Tony Sagami on March 25, 2009

in General

Japan just won the World Baseball Classic yesterday but its exporting companies are conquering anything.

The Japanese Finance Ministry reported that exports shrunk by 49.4% in in February from the previous year. That is, by the way, the biggest drop in two decades.

That puts Japan on course for its worst depression since WWII.

By the way, the biggest drop in exports was to the U.S. and that should tell you something about the U.S. economy.

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