April Japanese Car Exports Collapse, Down 68%

Tyler Durden's picture

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Fedophile's picture

Deflation, bitchez.

A Man without Qualities's picture

Nikkei up 2 pct on strong industrial outlook, weaker yen

31 May 2011 - 08:28

* WSJ article on Greece debt helps mood * Solar power stocks gain on German plan to shut reactors * Tepco down on S&P cut in its rating to junk status By Masayuki Kitano and Ayai Tomisawa TOKYO, May 31 (Reuters) - The Nikkei average rose 2 percent on Tuesday, encouraged by manufacturers' predictions of stronger output in the coming months and by a weaker yen after the euro climbed and Moody's put Japan's credit ratings on review for possible downgrade. Also helped by a climb in solar-energy shares on news that Germany will shut all its nuclear reactors by 2022, the Nikkei pushed above resistance near 9,660, its 25-day moving average. Traders said buying was led by moves in the futures market. "The move is probably being led by CTAs," said Tsutomu Yamada, market analyst at kabu.com Securities, referring to commodity trading advisors, which are known to favour trend-following investment strategies. "It looks like they are unwinding long positions in Japanese government bond futures and short positions in stock futures," Yamada said. Japan's industrial output rose 1.0 percent for April, below analysts' median forecast of 2.8 percent but manufacturers also sharply increased their forecasts for May, predicting output will rise 8.0 percent compared with their previous 2.7 percent forecast.

cherry picker's picture

When you consider that the article Crushing Harvard's Mighty Endowment Fund? at the top of the page report double digit returns on hedge funds, one has to wonder how long that will last?


Then there is the loss of confidence in the US dollar compared to other currencies.


It appears we are headed for a wild world wide ride.

sabra1's picture

look at all the gasoline we saved not filling 600,000 gas tanks!

Land of the Rising Sun's picture

I wonder how this effects prices of car parts...

anvILL's picture

I wonder how many would actually have the courage to short Japanese car manufacturers at this moment.
Afterall, these headlines are late, and everything has to go up once it hit bottom.

f16hoser's picture

Do their cars glow in the dark? That should make them the Safest cars on the road.....

kaiserhoff's picture

Great time to be a Toyota salesman;)  Oh no, Mrs. Jones.  Your children won't die of brain cancer.  Would I lie to you just to move some tin?

tellsometruth's picture

wow wonder how good ole Bellevue Toyota (largest dealer in its five state region which is the most profitable region for Toyota) is doing (microsoft people love them some Toyotas) and how long the wait is for a Prius with the GS saying $5 gas is on the way...

reload's picture

No news about Fulushima in the UK msm for ages - wind blowind directly to Tokyo for a few days now. Everything must be fine.

John Law Lives's picture

Fundamentals don't seem to matter in the age of central planning.  It's all about printing more paper...

youngman's picture

Well as soon as Japan gets the salt water/dead fish smell out of all those cars from the Tidal wave out.....there will be many used cars for sale in the world...

VyseLegendaire's picture

Peak Oil? More like Trough Cars. 

Manthong's picture

Just in Time works great.. until it doesn't.

gigeze787's picture

Contrast these facts w/ CNBC's propaganda this morning:


"Japan Recovery Takes Hold, But Debt Downgrade Looms"

Published: Tuesday, 31 May 2011 | 3:25 AM ET

Oh regional Indian's picture

What this is, is the collapse of JIT manufacturing, world-wide. Japan makes something for most JIT folks.

And an eye on BDI...... India is such a parts hub, what will happen when global demand ultimately and inevitably collapses?



sunnydays's picture

I don't want a glow in the dark vehicle.  Besides radiated parts, the Fed adding a black box on to new cars is another thing which makes me pass on any new cars. 



ExpendableOne's picture

Leave it to the american auto companies to sit on their hindparts and not take advantage of this.  

mayhem_korner's picture

Correction: american auto company. (edit)

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prabhuamu's picture

Debt is the solution! We need to get these jobless broke Americans buying cars they don't need and can't afford again. We need another cash for crooks program. http://davesdiscountautoparts.com/