Earlier, we learned that
Japanese exports unexpectedly fell by 2.9 percent year-over-year in February.
Economists were looking for an increase of 0.9 percent.
On the surface, this was rather disappointing considering the
dramatic devaluation of the yen, which has effectively made its goods cheaper
to foreign customers.
However, it's important to note that the timing of China's
Lunar New Year holiday certainly hurt the number.
One investment advisor told Business Insider that we also
shouldn't ignore the the "bright spot" in the report: exports to
ASEAN, a group of Southeast Asian countries that includes Indonesia, Singapore,
and Thailand.
Exports to this region actually climbed as importers enjoyed
the cheaper prices. Check out this
chart:
One country that will suffer greatly amid this yen
devaluation is South Korea, Japan's big competitor in the export market in that
part of the world.
Japan's yen devaluation has effectively made South Korea's
goods a whole lot more expensive.
Sam Ro
Business & Investment Opportunities
Saigon Business Corporation Pte Ltd (SBC) is incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Strategy, Investment and Management, focusing Health care and Life Science with expertise in ASEAN 's area. We are currently changing the platform of www.yourvietnamexpert.com, if any request, please, contact directly Dr Christian SIODMAK, business strategist, owner and CEO of SBC at christian.siodmak@gmail.com. Many thanks.
No comments:
Post a Comment