Japan and Asia continue decline Q1
The expected and somewhat better numbers dropping in on Japanese economy should, although some read them as “encouraging”, be seen as preview of further decline in first quarter 2009.
With the Rally opening on the Dow and Europe this week it may pay to keep in mind that the global economy is still shedding weight and we are far from seeing a recovery yet.
With all the focus on China lately, let´s not forget that Japan is on the top 5 global economies list, heavily dependant on exports. Inventories are still adequate, possibly smokescreening the real numbers that may well take them into the fear zone.
China are waving the all-ok flag and seem to be coping but upcoming China´s impact on the global scale must not be underrated. China still has strength, evident by their activities securing resources and development contracts at bargain prices. A long-term strategy for China and a double sided coin for the takers. But, as numbers from China now also start to slide, this world “banker” may impact more heavily than any other entity on the global economy.
Related posts:
- Bank of Japan issues new warnings
- Japan economy on comeback course
- Rebound on Asia lead and easing Goldman concerns
- China bails out USA but can we pay back?
- Asia down oil up and Bernanke in congress
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