Friday, May 22, 2009

Japan stock exchange is down because of exporters’ poor performance

I really feel sympathy for Japanese government because they are at the wrong time in the wrong job. It is very difficult for them at this moment to look after the economy because of economic recession, the demand of Japanese goods has decreased a lot in other countries. Japanese are export based economy and that is why if the export suffer then the whole economy may suffer a lot. All the major exporting companies like Canon, Sony, Panasonic and even Toyota are suffering huge losses and we can see report of their loss on a regular basis for the last one month. The overall condition of the economy is not good either. So, there is no surprised that the index of stock exchange of Tokyo suffered some loss today. No one knows then this condition will improve. It seems to me that it will take at least one or two years for Japanese economy to become better again.