Charts Say the China Slowdown Is Real
The world seems like a strange place these days. Last year, Japan went from a trade surplus to a trade deficit for the first time in 30 years. This can be attributed to many factors: the strong Japanese yen, the high price of oil and of course the tragic earthquake and tsunami that occurred one year ago.
The strong yen cuts into the sales and profit margins of the big Japanese exporters such as Sony (SNE) and Toyota Motor (TM). Japan produces only 131,800 barrels of oil per day while consuming nearly 4.5 million, so the rising price of oil has a substantial impact on Japan's trade balance. Add in disruptions to production due to last year's disaster, and it's easy to see how Japan's trade balance went into the red....510 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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