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!