Japan is a very export dependent country. That is why my jaw dropped when I read that its exports fell by 46% in January on a year-over-year basis.
The biggest drop was in autos, which plunged by 69%. Don’t expect any good profit news from Honda (HMC: 36.64 0.00 0.00%) and Toyota (TM: 81.05 0.00 0.00%) any time soon.
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I am very concerned as to what to do with two recos of Tony Sagami. The stocks are CBAK and MHJ. I have not gotten any information as to whether to sell or buy more. I would appreciate information update.