Market Report - Japanese Economy Worsens

ZHANG:
Japan's economic picture turned gloomier today, with industrial output tumbling as global demand dwindles for exporters like Panasonic.

Japan's carmakers are among the worst hit, with demand from the key U.S. export market nose-diving amid the financial crisis.

Japanese consumers are also spending less, while the threat of deflation has rekindled in the worlds second largest economy.

The Nikkei shook off the economic news, with some investors encouraged by a fall in Japan's unemployment rate to 3.7 percent and looking for market bargains.

But the overall mood in Asia after six consecutive months of lower share markets is far from bullish, although most benchmarks edged higher today.

Consumer electronics giant Panasonic plummeted, after cutting its net profit forecast by 90 percent and announcing plans to restructure. U.S. holiday sales on whats called Black Friday will be important for the world's number one plasma TV maker and other exporters like Sony, who need strong year-end business performances.

Category:

News & Politics

Tags:

• Ntd
• NTDTV
• news
• Japanese
• Economy
• Market
• Report
• industrial
• global
• U.S.
• export
• financial
• crisis
• Nikkei
• Asia
• Panasonic

[SeventhSun]

Japan is an industrialised nation, but it became a peasant economy after 1990 and has never really regained its last significant stature in the 80s.

[muffdriver69]

like 2012 viral tell-tales, it's spreading like cancer. there's even a coming movie out of it. so lame.

[muffdriver69]

this may be a conspiracy of a conspiracy. i say this because of mass responses like yours goes out to all over the world and everyone follows it withdraw out of the economic system, leaving the system more vulnerable and due to crash faster. the elite is playing even us like a puppet straight into their trap. a win-win for them, what do you think about this Forgiven1978 because I don't really know and just thinking outside of the square. interesting though.

[Forgiven1978]

The elites in the U.S are setting up the dollar to crash and crash hard .. forget investing in anything and take what u have now out bf its too late .