Japanese Exports Fall 49.4% in February – Enough said?

“Analysts expressed hopes that the Chinese government's 4 trillion yuan ($586 billion) stimulus spending package would eventually ease the downturn, which has hammered Asian economies that are heavily reliant on exports for growth,” according to Reuters.

“Demand fell across all regions. Exports to Europe dropped a record 54.7 percent, shipments to Asia declined 46.3 percent and goods sent to China slumped 39.7 percent,” Bloomberg reported.