Japan exports more to China than to US

[mooncliff]

Japan's exports to China have topped those to the United States for the first time since World War II, while Japan saw its largest year-on-year drop in both exports and imports...

Although China-bound shipments in 2009 dropped 20.9 percent from a year earlier to 10.24 trillion yen, China became the largest purchaser of Japanese products because exports to the United States plunged by a whopping 38.5 percent to 8.74 trillion yen...

http://www.yomiuri.co.jp/dy/business/T100127006823.htm

[touchring]

Re: Japan exports more to China than to US

Japan's exports to China have topped those to the United States for the first time since World War II, while Japan saw its largest year-on-year drop in both exports and imports...

Although China-bound shipments in 2009 dropped 20.9 percent from a year earlier to 10.24 trillion yen, China became the largest purchaser of Japanese products because exports to the United States plunged by a whopping 38.5 percent to 8.74 trillion yen...

http://www.yomiuri.co.jp/dy/business/T100127006823.htm

I'm not surprised, LCD panels are made in Japan and exported to China for assembly. The same with many components.

[flintlock]

Re: Japan exports more to China than to US

Makes sense to me. They are a world closer to China. Why does the USA need to dominate the world? The US should worry when Japan exports more to South America, Canada, or Europe, Its traditional trade partners. Globalization is a losing game for America. Don't believe the hype.

[blazespinnaker]

Re: Japan exports more to China than to US

Globalization is a losing game for America.

Yup, at least in the current form of the US. If they restructure their labour force and education system, it could be win-win.

[touchring]

Re: Japan exports more to China than to US

Yup, at least in the current form of the US. If they restructure their labour force and education system, it could be win-win.

China already makes everything or is about to be able to make everything.

But they are short of food, the American labor force can converted to farm workers, but of course wages will have to fall by at least 50%.

[WildspitzE]

Re: Japan exports more to China than to US

Japan's exports to China have topped those to the United States for the first time since World War II, while Japan saw its largest year-on-year drop in both exports and imports...

Although China-bound shipments in 2009 dropped 20.9 percent from a year earlier to 10.24 trillion yen, China became the largest purchaser of Japanese products because exports to the United States plunged by a whopping 38.5 percent to 8.74 trillion yen...

http://www.yomiuri.co.jp/dy/business/T100127006823.htm

This touches upon hayekvindicated's future investment thesis in another thread. I've been thinking about this as well, especially the future effect that higher energy costs may have in promoting regional trade / development.

[flintlock]

Re: Japan exports more to China than to US

China already makes everything or is about to be able to make everything.

But they are short of food, the American labor force can converted to farm workers, but of course wages will have to fall by at least 50%.

And when wages fall 50%, even more will not be able to afford health care or save for retirement. Which means more government assistance, and hence higher taxes. Higher taxes make US businesses uncompetitive, so more jobs are lost. It's a vicious cycle.