Monday, March 09, 2009

Japanese Economy Hit Hard

The Japanese economy has been hit hard by the current hardships in the world economy. Exports have been halved in January and for the first time in thirteen years there has been more import than export. I am concerned about the situation, but I do believe Japan will make it through the crisis. Importing more than you export must not always be a negative thing, either, as long as it is not a situation that goes on for a very long time. A good situation in a country is not just dependent on huge exports, but also from importing the things that you need and want. In a way, huge imports show how strong the Japanese economy is, even in times of falling exports.

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