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: 30.57 +0.11 +0.36%) and Toyota (TM: 76.97 -0.54 -0.70%) any time soon.
- Toyota passes General Motors For the first time since the Great Depression, General Motors (GM: 0.00 N/A N/A)is not the largest auto company in...
- Toyota to increase prices Toyota announced that it will increase the price of its hybrid cars and commercial vehicles by 3% in September. Why?...
- Toyota seeks govt money Even mighty Toyota is stumbling from the U.S. recession. Due to slumping sales, Toyota reported its first annual loss in...
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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.