- Zero Hedge: The Periodic Table Of Doomsday Economic Charts
The month-on-month decline in factory output exceeded December’s record decline of 9.8 percent, the Trade Ministry said today in Tokyo. Household spending fell 5.9 percent from a year earlier, the biggest drop in more than two years.
Exports plunged 45.7 percent last month, causing the biggest trade deficit on record, the government said this week. Japan has become more dependent on exports in the past decade, making it vulnerable to the global recession. Manufacturers shipped 21 percent of their goods abroad in 2008, up from 16 percent a decade earlier.
- Economic Times: Diamond exporters take to equities
Several diamond merchants plan to acquire share-broking cards on equity bourses. Some have already increased their exposure to gold futures over the past few months.
Exports of cut and polished diamonds fell 26.3% to $663.2 mn in the current fiscal (up to December 2008) from the corresponding period last year. Cumulative diamond exports during the same period rose a mere 2.35% to $10.28 bn. To be listed as a broker on NSE’s market, wholesale debt market and F&O segment, requires an interest free deposit of Rs 2.6 crore, apart from net worth requirements and regulatory clearances from Sebi.