by Laura Conaway

In his "Daily Notes on the Global Economy," Carl B. Weinberg of High Frequency Economics notes Japan's drop in exports last month — down 45.7 percent from the previous January. The bold and italics are his:

We have never seen anything like this in a major developed market economy.

 

Weinberg goes on to write that without a quick turnaround, half the Japanese jobs involved in making goods for export are at risk.