I don’t bother covering Japan much its price effects in the global economy (for Australia) are subsumed by China these days but it is worth noting that data today showed exports plunged -12.9% in January and imports tanked -18%. Exports to Asia were -17.8% and to China -17.5%. Some of this is commodity prices but not all as the export numbers show. All year or year:
Given Korean exports tanked -18% in the same month I think it fair to say that North Asia slowed quite a lot in January!
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
Latest posts by Houses and Holes (see all)
- Uber-dovish RBA minutes sink Australian dollar - November 19, 2019
- ANZ consumer confidence hits new lows - November 19, 2019
- Pure bubble: Households intend to buy houses and nothing else - November 19, 2019