Thursday May 24, 2012

JAPAN NEWS AND DISCUSSION

Japan stocks plunge as U.S. auto crisis mounts

Business Mar. 30, 2009 - 04:26PM JST ( 11 )

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11 Comments

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BentoMar. 30, 2009 - 05:31PM JST

those analysts keep on guessing..
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3ringcircusMar. 30, 2009 - 10:38PM JST

I agree... what does Japans markets have to do with the US auto industry ? I'd say the real culprit is all the terrible domestic news. "Retail sales plummet to 7 year lows, Exports post record falls in February, Industrial output falls 9.4%" ! Japan's stocks are a reflection of their poor domestic performance, nothing to do with the US auto industry. I guess we should be thankful though, at least they're not blaming it on the weather !
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some14someMar. 30, 2009 - 10:58PM JST

If the cause was "U.S. auto crisis" Japan's Nikkei225 would have climbed to Mt. Fuji and Toyota posting record (once-in-a-century) highs !
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bakabakaMar. 30, 2009 - 11:17PM JST

if the US auto industry was going down surely that would boost the Japanese economy?
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Good_JorbMar. 30, 2009 - 11:31PM JST

US and Japanese automakers are inter-related, in particular when it comes to parts suppliers(within the context of the North American Market). If US automakers fail, then parts orders will slump even further and in order to stay economically viable those part suppliers are going to have to increase the price of their parts. That is if the parts suppliers don't go out of business entirely, reducing the supply pool and increasing prices. If the price of parts increase, the price of the car increase, equating to less sales.

As well Japan's automakers have a lot joint ventures with American automakers that could be at risk.
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stipendMar. 31, 2009 - 12:09AM JST
Bento

those analysts keep on guessing..

No, they're fibbing.

Corporate media is just that - it is a prepared corporate message.

Meet Peter Schiff, Mark Faber, Congressman Ron Paul (R-TX), and you'll see where things are headed.
- "Power of the press belongs to those who own one." - Ben Franklin
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pathatMar. 31, 2009 - 12:33AM JST

The troubled U.S. auto sector is part of the problem, but the huge dropoff in industrial production in Japan is a big part of it, too.
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pathatMar. 31, 2009 - 12:36AM JST

The simple fact of the matter is that the world recession is going to continue for the foreseeable future, and the U.S. and Japanese governments do not have the cure for what ails the patient.
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ca1ic0catMar. 31, 2009 - 02:28AM JST

As was said, one connection between the Japan automakers and the US automakers is that the factories in the US all use the same parts suppliers - kanban all over. If a parts supplier looses a major part of their business they might go broke as well. Then the Japanese factory can't get parts.

The other problem is that the ripple effect from so many people loosing their jobs in the US is going to slow car sales even further.

Funny how the banks are getting billions that they aren't accountable for to anybody and the car makers are getting not as much with all sorts of strings attached. Can you tell who calls the shots in DC? I would have thought that the auto worker unions would have had more pull by now. I guess not. No auto factories in California or Illinois...
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roomtemperatureMar. 31, 2009 - 09:56AM JST

"Retail sales plummet to 7 year lows, Exports post record falls in February, Industrial output falls 9.4%"

And why is that, 3ringcircus? The biggest culprit is the US of A. The worldwide recession was triggered by American greed. Thank you, America!! You really make this world a better place to live!! Good job!!
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saruzenkiApr. 03, 2009 - 11:14AM JST

"The worldwide recession was triggered by American greed."

Childish rant. The worldwide recession was triggered by greed alright, but not from North America. And it seems that Japan, as well as other nations, have yet to have learned their lesson. Stop focusing so much of your exports on the US consumer ! Yes Americans are great customers but there are limits to what they can do. Japan has not addressed domestic spending woes for years now. China and Korea, much the same. They want to sell their trinkets without buying anyone elses. Greed indeed.