JAPAN NEWS AND DISCUSSION

chummin's past comments

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  chumminMay. 14, 2009 - 08:16PM JST

  By all accounts Japan's economy is nosediving, and this is the best they can do ? Good grief.

  Article Unavailable

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  chumminMay. 14, 2009 - 08:06PM JST

  Open the floodgates ! Now that one of the sacred cows of Japanese business has openly announced domestic factory closings, well it won't be long for the others to follow. This is going to destroy the country ! Japan is not structured for this kind of crisis. Prepare for the worst, losing your job, your livelihood, your identity, and your income is a death sentence for thousands of salarymen everywhere... no joke, prepare for the worst.

  Posted in: Sony reports Y98.9 billion annual loss; says it will close 3 plants in Japan

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  chumminMay. 14, 2009 - 08:01PM JST

  Tahoochi ? What inspired this: "I don't think it's an "Export driven strategy."

  Surely you jest ! Toyota is a Japanese company based in Japan. They only supply 24% of their vehicles to the Japanese market. The US holds the largest percentage with more than 30% of Toyotas sales going there. The fact that Toyota has opened up branches around the world does not excuse their behaviour, the money they earn world-wide flows back to Tokyo, at least 80% of it. In addition, if exports weren't an issue, why all this concern over exchange rates ? Toyota even tried a reverse program where cars built in the USA were shipped back to Japan, exchange rates "not an issue", hardly. And I have followed this closely on Yahoo and USA Today. Comments are running greatly in favor of the American viewpoint. That Toyota has hurt the US market, flooded the industry, has declined in quality, and has basically sacrificed the health of the whole industry in an effort to be #1. Congratulations !

  Posted in: Toyota sees losses deepening this year

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  chumminMay. 14, 2009 - 07:52PM JST

  "The increasingly murky picture of the U.S. economy is the biggest cloud facing markets around the world, said Masayoshi Okamoto, head of dealing at Jujiya Securities in Tokyo."

  I don't believe it. I think this has more to do with record losses by major Japanese firms across the board. This in turn is fueling some angst in the US, Americans want to know when the worlds second largest economy will finally get its act together. In addition, the numbers coming out of Tokyo are mind boggling ! I mean we all knew how much the Japanese depended on the US consumer, but who would have thought at such heavy percentages. Talk about poor business management !

  Posted in: Japan stocks fall sharply on U.S. recovery doubts

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