Quote:
Originally Posted by Kennyboy
Does it make a difference if those jobs losses are in Japan or the US? Either way, we're in a recession and it will only get worse then getting better.
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Yes tremendously so, as the US receives very little if any benefit from Japanese sourced revenue. However on the flip side the Japanese reap huge benefits of revenue sourced from the US. Reference the annual automotive trade deficit with Japan. In 2004 it was $147 Billion. The US market is Toyota and Honda's number one market for revenue. That's why they're already lobbying their government to intervene with currency manipulation to assure the pipeline of billions that goes to Japan is uninterrupted. They're growth and business model depends heavily on the US, so we we die, they're going to feel the effects as it negatively impacts revenue.