Japanese manufacturing activity falls as exports shrink

summary:
Japanese manufacturing activity reduce for a three months running from September as a strong yen hit exports. The Japan Manufacturing Purchasing Managers Index (PMI) stayed below the 50 threshold. The index for new export orders fell to 46.9 from 48.4 compare with previous month. Also, new figures showed Japan's unemployment rate rose to 5.1% in October.

comments:
Strong yen is a serious problem for Japan. It is started from September 2008, after Riemann shock. Before Riemann shock, Japanese yen was 100 yen level against US$1 but after Riemann shock, Japanese yen have shot up. After 2 years, Japanese yen had continued ups and downs between about 85 yen to 100 yen but last month at length, Japanese yen marked 80.40 level. High Japanese yen rate is welcomed to people who go abroad but exporting company get huge shock. If Japanese yen increase 1 yen, exporting company gets 100 million yen damages. After Riemann shock, a lot of company got damage so they have reduced salary, employee or etc. These days, unemployment rate going up and job hunting is becoming difficult because of strong yen. A lot of university students can't get job before graduate. If they can't get job, most of them go to graduate studies because job hunting is easy for students compare to graduates. Usually in Japan, we begin to job hunting in second semester of year 3 so I begin to job hunting next October but I'm very afraid of that it is possible I can't get job. Above all I think that government should make some policy to control yen. If yen is going strong more than now, it is very difficult to readjust Japanese economics.

Yuno
-X100042