In September in Japan have sold 31 700 units of Toyota Prius, which is by 4,4 times more than the same month the previous year. With this success, became the model for the fifth consecutive month, the best-selling car in the Land of the Rising Sun. Secondly, is ranked Honda Fit (Jazz) with 17 200 sales, which is almost two times less than the Toyota Prius. The third position is for Toyota Vitz (Yaris), which is preferred by 12 700 Japanese. Prius hybrid to climb to the top in sales in May, when it appears the new generation of models. In April, even the best-selling car in Japan has been the main competitor of the Prius – Honda Insight, but in September this model occupies only fifth place. Last month, the Japanese have bought 321 700 new cars, which is a 3.5% increase from September 2008th.
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The Japanese automaker Mazda planned to collect 96 billion yen (1.1 billion dollars) from sales of the existing and issuance of new shares, says a company release quoted by Bloomberg. The company, which today announced the first quarter of 2009 loss of 26 billion yen (less than expected), will issue 363 million new shares and 96.8 million will be from existing funds. The manufacturer will use the funds to finance development of new greener cars. After the announcement of new shares in the company fell by 5.6 percent to 185 yen. Since the beginning of the year, shares of Mazda reported 24 percent increase. The possible increase in the shares of the company is not expected, while the stock exchange announced the news.
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The level of unemployment in Japan in July rose to 5.7 percent, which is the highest level since 1953 when it is launched and reporting of the indicator, forward Bloomberg, citing official statistics. The growth of unemployment exceed the forecasts of analysts who had expected it to rise to 5.5 percent after 5.4 percent in July. Highest level of people without permanent employment was in April 2005. The ratio of space to applications fell to 0.42, which means that for 42 seats have fought 100 candidates, which is also a record, the agency added. Companies from Toyota to Japan Airlines, continue to exempt staff, as well as outside of Japan. The country’s exports declined by 36.5 percent in July, which is ten consecutive decrease.
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Japan is on the brink of revolutionary change in the course of their state government, although this step is a product rather irrational intentions of the citizens of the country, says the Wall Street Journal. On Sunday, voters in the country of the rising sun is expected to bring down government From Liberal Democratic Party (LDP), which oversees Japan is 54 years. This probably will happen, although they expressed skepticism about the chances of the opposition formation to meet its election promise. Polls show that voters give a significant advantage to the Democratic Party of Japan (DPJ). Formation, which is only 11 and is composed of reformist, trade union leaders and defenders of consumer rights and so far never fully concentrate power in his hands.
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The Japanese car building company Toyota group reported a loss of 77.8 billion yen (819 million) for the first quarter of financial year which began on April 1. Loss for the first quarter of the new financial year is less than expected and reflects the successful cost reduction. The median forecast was for a loss of 184 billion yen, forward Bloomberg. The reasons for the negative result is the high rate of the yen and a sharp decrease in global sales delivered worldwide agencies. However, Toyota reduced its estimates of losses throughout the financial year ending at the end of March 2010, to 450 billion yen (4.7 billion dollars) compared with initial estimates of 550 billion yen (5.8 billion dollars) .
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The Japan’s trade surplus grew by 388 percent to 508 billion yen (5.43 billion dollars) in June versus the same month year earlier, taking into account the first increase on an annual basis over the past 20 months, announced today the country’s Finance Ministry, quoted of global agencies. Exports decreased by 35.7% to 4.6 trillions yen, but its pace of decline has been reported to delay reduction of 40.9 percent in May, government data show. Imports in June is less with 41.9 percent to 4.09 trillions yen, BTA writes. The exports to Japan decreased the rate of decline for all major markets and especially China with stable demand for machinery. Exports to the United States also report a favorable trend, decreasing by 37.6% compared with 45.4 percent in May.
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Japan should diversify its currency reserves (which are mainly in dollars and dollar US Treasuries) in the medium-term debt and to purchase bonds to be issued by the IMF. Nakagava is the bearer of the Democratic Party of Japan (DPJ), which won the partial local elections in Tokyo and water in sociological studies of parliamentary elections in the country to be at the end of July. Among expected to assume the post of finance minister. Existing management representatives of the Japan Liberal Party has repeatedly said in recent days its support for the dollar as world reserve currency and interest to maintain the share of US Treasuries in the Japanese currency reserves, but in a DPJ victory in early elections and a change in the former policy may negatively impact on the dollar in the medium and long term. We remind you that Japan holds over 1 trillion dollars in foreign exchange.
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A record number of Japanese companies have left the Tokyo Stock Exchange during the first half of 2009 because of the crisis forward ITAR-TASS, quoted by BTA. Second in the world after the New York Stock Exchange on volume of transactions was deprived of quotations of 38 companies. This is the sharp reduction of the stock exchange list in Japan since the beginning of this statistic in 1955, announced in a communique Tokyo Stock Exchange. Of those companies, 11 have ceased their listing for bankruptcy and 20 others – because of mergers and alliances. Analysts predict that the situation of the exchange will gradually improve, as there are reasons to assume that the financial sector began to gradually stabilize.
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The wholesales in Japan fell at a faster pace in July compared to the previous month. According to the Central Bank of Japan fears for the return of deflation increased further summarizes BBC. The value of goods sold between companies, fell by 6.6 percent on an annual basis. These are the fastest pace of decline since statistics are kept from 1960. Deflation is due to the fact that consumer prices fell by 1.1 percent in May compared with the same period year earlier. During the “lost decade” from 1990’s, Japan was in the trap of deflationary spiral when prices of goods fell down a long time. Deflation is damaging to any economy, because consumers tend to delay shopping until prices fall further. This, in turn, causes a process to further speed the fall of prices of certain goods and services. Without consumer spending to stimulate growth, economic output falls. Despite the decline in wholesale prices of oil and raw materials and at lower prices for final product demand at the local level is still reduced.
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