Not good news people... Japan's exports plunge by 49%

Japan's exports plunged by a whoppin' 49% in February, the sharpest decline since at least 1980 reported Bloomberg.

In response this depressing data, Japan seems to be preparing yet a new stimulus package. Finance Minister Kaoru Yosano said that a new package of as much as 20 trillion yen ($203 billion) is “not out of line.”

Now let me ask you... What would you do if you where a fictional Anime character who's name is Naruto. You come equipped with cool ninja moves just to let you know...

Hopefully you would be able to earn some money showing off those secret skills on the streets because its obvious no one one in the world economy really wants to buy your exports. Good luck and may the force be with you all: Honda, Toyota, Panasonic, Sony, Fuji, etc.

Naruto

Here are some articles from major global news on the release of this depressing economic data from Japan.

Bloomberg -- Reuters -- Wall Street Journal -- AP

Japanese Firms to Develop Products Specifically for Latin America

TOKYO – Several Japanese companies, including Fujifilm and Panasonic, will develop new low-cost products specially designed for emerging markets in South America and Asia, the daily Nikkei said Monday.

Faced with the fall in demand in its principal markets like the United States and Europe, Japanese firms have decided to target middle-class consumers in emerging economies like Brazil as a way of dealing with the global economic crisis, Nikkei said.

Click here to access this full story from the Latin American Herald