Oh my, this is really bad:
Japan's provisional Feb figures are out, and they show that exports have plunged 49 % yoy, with imports down 43 %. In Jan, exports had already dropped 46 %.
Exports to the US were down 58 %, to China 40 %, to Hong Kong 46 %, to Taiwan 52 %, to Western Europe 53 %, to Russia 84 %.
Exports to nearly every single trading partner are down 40 % or more (one exception: exports to Switzerland have increased slightly, probably due to a big ticket delivery).
Every category of goods was down sharply, with cars leading the decline (-73 %).
With true Japanese love for detail, the customs office gives an amazing breakdown, right down to product category by main destination. Raw data to be found here:
China’s Estimated Intervention in February
vor 6 Stunden