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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?


To: Ahda who wrote (5325)8/20/2002 4:18:18 PM
From: AhdaRespond to of 24758
 
japantimes.co.jp

Japan-China trade climbed in first half

Trade between Japan and China in the first half of 2002 totaled $45.12 billion, up 3.4 percent from a year earlier, the Japan External Trade Organization said Tuesday.
The figure marks the third consecutive first-half record, JETRO said.

While Japanese trade declined worldwide, that with China grew 1.7 percentage points. China now accounts for 12.8 percent of Japan's total trade, second to the United States.

Japanese exports to China increased for the fourth straight year, rising 11 percent to $17.24 billion. This surge was led by exports of automobiles, steel and metalworking machinery. These exports soared 20.4 percent in yen terms and 20 percent in terms of volume.

Japanese imports from China fell 0.8 percent to $27.88 billion, marking the first decline in dollar terms in four years on a first-half basis.

These imports rose 8 percent in yen terms and 5.2 percent in terms of volume, although import growth rates have fallen, JETRO said.

On a dollar basis, imports of machinery and equipment accounted for 33.9 percent of total first-half imports from China.

This surge was primarily attributed to rising imports of machinery and equipment from Japanese-affiliated firms that have shifted their production to China.

Information technology-related imports also logged a substantial rise, with imports of communications equipment such as mobile phones jumping 97.9 percent.

JETRO said that Japan-China trade for the full year will reach $90 billion for the first time, exceeding the $89.2 billion booked in 2001.

In the case of both the US and Japan to offset internal costs outside sources are used. Becuase the labor rate is so significantly less Japan as US is investing in China. Flood gates are opened but the fields that are being nourished are not internal.

If Japan and the US were not in a state of inflation this would not happen.

The problem in both nations is job creation that increases profit .



To: Ahda who wrote (5325)8/20/2002 11:55:14 PM
From: ahhahaRead Replies (1) | Respond to of 24758
 
By driving non-currency depositors into currency and by raising interest rates. The BOJ is in limbo, but eventually the dollar will start sliding again and the BOJ will have to raise short rates.

This is the only way to play the counter-cyclical game. You have to move in the opposite direction of what seems appropriate. FED and BOJ intend to be counter-cyclical, but they will react way after the fact like they always have. So their actions are pro-cyclical up to a point where they realize they have to reverse policy immediately. Accelerator, brake, accelerator, brake. Of course, counter-cyclical policy is as useless as all the other control freak anti free market methods.