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UK Producer Prices Rise Fastest From April Expectations

Friday, May 6, 2011

UK factory prices rise at faster than expected in April, rose by a record driven price increases in clothing.

Prices charged by manufacturers at the factory gate rose 5.3% this year through April, the Office for National Statistics (ONS) said on Friday (6 / 5). That's down from 5.6% the previous month, but failed until the biggest drop to 5.2% economists predicted that dipolling Dow Jones Newswires last week.

The costs faced by producers also rose sharply. Inflation input memeprcepat to 17.6% in the year to April, the fastest since September 2008 and up from 14.8% in March.

Keeping prices high is output rose 3.4% in core output prices, which remove volatile items like food, beverages, tobacco and petrol. The size of the core was driven by a record strong year on year increase in clothing prices at 4.6%. Sustainability trend of 6 months because of rising inflation for clothing, said the ONS.

The Bank of England (BOE) may be feared by signals strong inflationary pressure in the channel. Bank on Thursday left key interest rates unchanged for 26 months took place in low all the time at 0.5%, after a series of weak economic data.

WTI Oil Down $ 100 Down

Friday, May 6, 2011

At the close of trading on the New York Mercantile Exchange early this morning seem crude oil prices experienced a significant reduction (6.5). Crude oil prices dragged down New York's main contract below 100 U.S. dollars per barrel for the first time since 16 March.

Prices fell after disappointing U.S. jobs data and prompting fears of increased dollar demand for oil, analysts said.

New York's main contract, crude oil, light sweet "or also known as West Texas Intermediate (WTI) for June delivery, closed at 99.80 dollars per barrel, down 9.44 dollars, or 8.6 percent, from Wednesday.

In London, crude North Sea Brent for June delivery dropped 10.39 dollars to settle at 110.8 U.S. dollars per barrel.

Prices have been moving sharply higher, with WTI reaching nearly $ 115 mark per barrel on May 2, in the midst of Arab rioting and nuclear crises in Japan after the devastating earthquake and tsunami11 March.

Oil prices were also hit after U.S. jobs report indicated the recovery of the labor market difficulties ahead of key employment figures on Friday April.

New claims for U.S. unemployment insurance benefits jumped to 474,000 in the week ended 30 April, an increase of 10 percent from the prior week and the highest for eight months, the Labor Department reported.

Analyst Research Vibiz of Vibiz Consulting considers that the price movement of crude oil to the Asian session will tend to decrease for a while. Geopolitical conditions in the Middle East and North Africa is still a major concern issues in the crude oil market. The range of crude oil prices are expected to be at 100-110 dollars per barrel.

Pressured Not Helpless Gold Silver Price collapse

Friday, May 6, 2011

At the close of trading on the New York Mercantile Exchange early this morning seems the price of gold futures declined significantly (6.5). Prices of gold futures tumbled driven by the sharp weakening price of silver. Action panic selling seemed coloring trade last night and its impact to the decline in other commodity markets.

The price of silver on the last night of trade declined by more than 10%. Prices of silver futures have declined by 30% this week after rising to record highs in the level of 50 dollars in trading last Thursday. Decline in silver prices are dragging the price of gold recorded a decline of 3%.

Spot gold prices seem a decrease of 3.2% and closed at 1467.69 dollars per troy ounce. Meanwhile, the price of gold futures for June delivery contract seems to experience a decline of 33.90 dollars and closed at 1481.40 dollars per troy ounce.

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, gold price movements will still be expected to continue declining for a while. Yet prices are still in bullish trend and the potential to re-print a new record. It is estimated that gold prices will experience movement in the range 1470 - 1500 dollars per troy ounce.

Hong Kong PMI HSBC April 52,9 Versus March 54,9

Thursday, May 5, 2011

(Reuters) HSBC Hong Kong Purchasing Managers Index fell to its lowest level for seven months in April from 52.9 54.9 in March as output growth slows, HSBC Holdings PLC said Thursday.

Figures above 50 indicate expansion in manufacturing activity, while reading below 50 indicates contraction.

HSBC Hong Kong PMI comes from the index measuring changes in output, new orders, employment, supplier delivery times' and the stocks purchased.

HSBC is usually a problem index, based on surveys of more than 300 companies in the city, in the first three days of work each month for the previous month's data

News and Reviews European Economic Zone

Euro Rally stopped by German Data

Thursday, May 5, 2011 17:06 pm

Strengthening of the euro after data loss sinyalkan reduced activity in the EU's largest economy. German factory orders fell 0.4% for the month of April 2011, worse than the predicted increase of 0.4%. Publication in March were also revised lower from increased 2.4% to 1.9%. There is a decline in investment demand as businesses re-examine the fragility of the global recovery and strengthening of the euro that have the potential grogroti export performance. Outlook domestic demand is also not so good in the middle of the oil and commodity price hikes and rising inflation.

The euro is now trading 1.4832, stay away from high levels of daily 1.4898. Nevertheless, traders are still awaiting the results of the ECB meeting and press konverensi ECB's Trichet later tonight in search of evidence of the continuing central bank rate hike

News and Reviews European Economic Zone (UK)

Pound 1.6500 Suspended Under Post-BoE

Thursday, May 5, 2011

Cable corrected nearly 100 pips from the high level to low level of daily print slightly above 1.6450 in European trading session on Thursday, although later able to recover to an area of ​​1.6500. Currently, GBP / USD shows little bearish trend after the BoE to hold interest rates at 0.5%, and traded in the range of 1.6495 as markets await ECB policy announcement.

Team analysis of ForexMansion.com warned that "The market still looks weak, and it seems to continue. Couple this currency will probably try approaching strong support in the 1.63 area, which brings excellent opportunities to buy."

Action Selling Soros, Gold and Silver hit

Thursday, May 5, 2011 08:19

The price of silver and gold futures fell on news that investors with high profile, including George Soros's hedge fund, sell the precious metal.

Silver for July delivery closed down U.S. $ 3.20 per ounce, or 7.5%, to U.S. $ 39.39 per ounce on the Comex division of the New York Mercantile Exchange. That's the lowest close for most active contract since April 6.

The contract has fallen more than 7% on the previous session, posted the biggest one-day decline since December 2008. Apart posted sharp losses on Monday and has fallen nearly 20% since Friday.

Traders suspect, reports the Wall Street Journal that hedge fund George Soros, a company operated by investor John Burbank, and several other investors have sold many gold and silver, because there is little chance of deflation. However, a spokesman for Soros, declined comment.

Unlike gold, which was bought by big investors, funds and central banks, silver largely dominated by individual investors. The price of silver can be predicted even reach the lowest level of U.S. $ 36 per ounce in the next few weeks.

Gold for June delivery also fell U.S. $ 25.10, or 1.6%, to $ 1,515.30 an ounce on the Comex, the biggest one-day percentage decline since March 15. The metal is down 1.1% on Tuesday. Corrections wider also occurs in other metal prices, such as copper for July delivery fell 12 cents, or 2.8% to U.S. $ 4.13 per pound.

After Down, Gold Prices Stable Now

Thursday, May 5, 2011

After falling for three consecutive days, gold prices appear stable. Meanwhile, silver prices go back down even one percent.

As reported by Reuters on Thursday (04/05/2011), price of gold in the spot market moves to strengthen thin to USD1.516, 29 per ounce. Meanwhile, gold prices on COMEX futures market edged up $ 1, 30 to USD1.516, 60.

Mexico to increase gold reserves in the first quarter of this year. The country is buying more than gold bullion worth more than $ 4 billion in gold bars due to the weakening U.S. dollar value. Where the U.S. dollar currently located at terandahnya level for two and a half years.

The price of silver in COMEX silver futures market fell 1.2 percent to its lowest level in a month at $ 38, 91. And silver prices in the spot market fell by one percent to $ 38, 92.

Drop in the price of COMEX silver is due to raise the margin for a transaction of this silver. CME Group set a margin increase in a row at the silver on the COMEX, margins also rose 84 percent in just eight days.

News and Reviews Economics Asia (China)

China Inflation Control Top Priority

Wednesday, May 4, 2011

China's central bank said inflation control is a top priority. This is a sign of China's monetary policy will be tighter.

Allegation is based on a moderate growth in manufacturing to encourage economic growth in this country. Likewise, the statement of the Chinese Central Bank officials. "Expectations stabilize prices and inflation is very important to manage it. Additions cagangan banks are not too absolute," said Governor Central Bank of China Zhau mid-April.

Manufacturing index fell in April from March to bank reserve requirements and benchmark interest rate hikes and rising yuan, which quoted from bloomberg, Wednesday (4 / 5).

Shanghai Securities News assessing officials can only control the property market in other cities. "Central Bank of China continues to control inflation. The policy will be added tight, manage speed and intensity of an act more cautiously and will rely more on the benefits of yuan," said Chief Economist for Asia at Societe Generale SA in Hong Kong.

China's central bank has raised lending rates and deposit for the fifth time since mid-October last year. Yuan has risen above 6.5 per U.S. dollar first fatherly kainya sjeak 1993. In addition, reserve requirements of banks reached 20.5% terbasuk extra limits for individual lenders.

Inflation in March reached 5.4% exceeded the annual target of 4% for the third time since the beginning of the year. Unilever was forced to postpone price increases of products at the request of the government.

News and Reviews European Economic Zone

Moving euro weakens, Failed Skip Highest Level in 16 Months

Wednesday, May 4, 2011

In trading in Asia today looks the euro recorded a decline against the U.S. dollar (04.05). The euro moved lower after the trade last night had again attempted to test the highest level in 16 months. Asian stocks decline resulted in market participants chose to hold back a safe haven currency.

The euro seems to experience a fairly volatile trading session yesterday. Portuguese Prime Minister Jose Socrates declared that his country has reached an agreement with the IMF and the EU to receive aid worth 78 billion euros within three years. Euro looks depressed along with the return of worries about the eurozone's debt crisis.

On this day seemed euro fell to 1.4775 dollars reached position. Euros at the close of trading early this morning in the position of 1.4819 dollars. The highest intraday level that could be achieved by the euro was 1.4890 dollars.

Analyst Research from Vibiz Consulting Vibiz still see the possibility of the euro will decline against the dollar. Despite this decline in these currencies are likely to be limited. Investors appear to still be waiting for the release of the U.S. manufacturing sector data to take a position. It is estimated that today the euro would tend to experience movement in the range 1.4750 - 1.4890 dollars.

Berita dan Tinjauan Ekonomi Zona eropa (Inggris)

Lagi, Sterling Ciptakan Level Rendah Baru

Rabu, 04 Mei 2011

PADA hari Selasa (04/03), mata uang Poundsterling turun rendah tingkat menembus. Suami Hari (04/05), GBP Dilaporkan mencatat Rekor rendah mingguan di 1,6450. Sterling anjlok ke Bawah Dari 1,6650 1,6500 KESAWAN 24 jam.

Selepas pertengahan sesi di amerika Serikat (AS), mencoba sterling Masuk ke area 1,6550, Lalu Dilaporkan turun. "Grafik per Indikator menunjukkan jam berada di Bawah harga Tengah Dilaporkan dan Masih di Bawah KUAT tingkat SMA 20," ujar Valeria Bednarik Dari FXstreet.com Saccharin Grafik. per 4 jam menunjukkan momentum bearish Yang lebih KUAT.

"Dukungan KUAT berada di wilayah 1,6430, tingkat Dimana sterling membukukan beberapa tingkat rendah dan beberapa Terakhir KESAWAN Tinggi Minggu," Tambah Bednarik Jatuh Dari. tingkat koreksi tersebut menandakan untuk perdaganga beberapa hari ke Depan Level Saat. dukungan Suami berada di level 1,6460, 1,6430 dan 1,6385 Tingkat perlawanan. terletak di 1,6510, 1,6550 dan 1,6590.

Crude Oil Prices Driven weakened European Debt Crisis Concerns

Wednesday, May 4, 2011

In late trading in New York Mercantile Exchange early this morning seem crude oil prices again experienced a significant decline (4.5). Oil prices fall as fears of a new debt crisis, euro zone, in addition to the implications of the death of al-Qaeda leader Osama bin Laden.

Crude Oil Brent North Sea for June delivery fell 1.29 dollars to 123.83 dollars per barrel in late London trade.

New York's main futures contract, crude oil "light sweet crude for delivery in June, down 90 cents to 112.62 dollars per barrel.

Both Brent crude oil contract and New York down lower in a correction, following the uncertainty of economic conditions that increase the renewed concerns about the debt problems of the eurozone countries, mainly to Greece. Crude oil prices had fluctuated wildly on Monday after news of the weekend death of bin Laden.

In a dramatic announcement on Sunday, the White House revealed that U.S. forces had killed the leader of Al-Qaeda mastermind behind the attacks of 11 September 2001, in a secret complex in Pakistan.

In reaction, New York crude had slumped on Monday under $ 110 U.S. per barrel, but quickly reversed course to peak at 114.83 U.S. dollars before diminishing returns.

Analyst Research Vibiz of Vibiz Consulting considers that the price movement of crude oil to the Asian session will tend to decrease for a while. Geopolitical conditions in the Middle East and North Africa is still a major concern issues in the crude oil market. The range of crude oil prices are expected to be at 100-110 dollars per barrel.

Gold prices weakened accompanied the sharp decrease in Silver Prices

Wednesday, May 4, 2011

At the close of trading on the New York Mercantile Exchange early this morning seems the price of gold has decreased (4.5). Silver prices weakening the biggest two-day decline since October 2008 seemed to put pressure on gold price movements. Profit taking by speculators draw turutn precious metal prices.

Last night a silver prices declined by 5%. Sharp decline in silver prices turutn dragging crude oil prices and gold. Hagra silver has increased over 150% since August last year. Gold prices seem almost 2% decrease and recorded two biggest daily decline since early January.

Spot gold prices seem a decrease of 0.4% and ended at position 1537.95 dollars per troy ounce. Meanwhile, gold futures prices for contracts in June looks a decrease of 1.1% and closed at 1540.40 dollars per troy ounce. On Monday gold prices reached a record high at 1575.79 dollars per troy ounce.

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, gold price movements will still be expected to continue declining for a while. Yet prices are still in bullish trend and the potential to re-print a new record. It is estimated that gold prices will experience movement in the range 1500 - 1550 dollars per troy ounce.

News and the China Economic Review (Hong Kong)

HSI Rebound constrained Issues Osama Replies

Tuesday, May 3, 2011

The Hang Seng index rebounded related restricted stock eventually Waal Street ended slightly decreased due to profit taking after the news of the death of Osama Bin Laden, after investors worried about potential terror attacks replies.

Indices corrected deep enough down to the range below 23,600 after earlier rising until it reaches the 23,790 level on Tuesday.

Jump in the Hang Seng was mostly lifted by banking stocks such as HSBC and HSBC's China-related banks in expectation of increased business performance of the sector. While China's banking valuations attractive again after reporting good earnings results in the quarter-I 2011.

UK Economy News and Reviews

Today's Economic Data Limit Sterling Strengthening

Tuesday, May 3, 2011

Sterling moved up from levels seen after previous correction had slumped due to the U.S. dollar rose after news of al-Qaeda leader killed Osama bin Laden by U.S. forces, but the news was not enough to change the trend in selling Euro lebh.

Market attention now began to focus on meeting the policy of the Bank of England on Thursday after tomorrow, in which the central bank is expected to maintain its interest rates again.

Although this situation does not give the spirit of the Sterling, but the market will look forward to a statement posed monetary officials in connection with the prospect of future policy.

And if non-farm payrolls number will appear under estimate America, this will add to the collapsed U.S. dollar, but menjad big opportunity for Sterling to strengthen further

But British economic data that will appear today are expected to give a weaker figure, so that this condition will limit the movement of sterling.

UK economic data released today which will include predictable CIPS Manufacturing PMI fell to 56.9 from 57.1 previously, the CBI Distributive Trades predicted the index fell to 13 from the previous figure 15.

News and Reviews European Economic Zone (Greece)

ECB Officials Open In Greece Extends Debt Maturity

Tuesday, May 3, 2011

ECB policy maker Nout Wellink said on Monday that he was open to the idea of ​​extending debt maturities in Greece, a senior ECB officials first publicly acknowledged this possibility.

Wellink, a member of the ECB's Governing Council, said that he opposed cutting the principal Greek bonds. But unlike other ECB policy makers, who have rejected any talk of debt restructuring as something dangerous, he added that it might make sense to extend the deadline for repayment of the principal.

Wellink did not specify how to reschedule Greece 327 billion euros of debt, and it is unclear whether his comments may signal a change in attitude on the ECB as a whole.

His term as president of the Dutch central bank will end on June 30, while his successor, who is not already selected, will take over the seats in the 23-member ECB's Governing Council.

Financial markets increasingly speculated that some form of debt restructuring may be necessary for the Greek economy is on the recovery path. Two German government adviser said on Saturday that restructuring is unavoidable.

But other ECB officials insist that any talks on the restructuring would be counter-productive, by making investors panic and exacerbate the market environment for debt ridden countries such as Ireland and Portugal.

For example, ECB Executive Board member Jose Manuel Gonzalez-Paramo said last month that Greece's debt restructuring would probably give more damage to the financial system than the collapse of Lehman Brothers' region in 2008.

Stronger Dollar, Oil fading

Tuesday, May 3, 2011

U.S. crude oil contract (U.S.) dropped 0.5% in early Asian trading on Tuesday (05/03). Corrections accompanied by a strengthening dollar, which rose from a low 3-year level. But oil still above $ 2 at low levels on Friday ((4.29) after the news of the death of Osama bin Laden.

NYMEX oil contract for June delivery was down 43 cents to as low as $ 113.09 per barrel. Earlier, oil dropped to 41 cents to $ 113.52 a day earlier. State leaders say the world was safer after the death of Osama, but warned of revenge attacks.

U.S. crude oil inventories rose 1.9 million barrels expected. Given the import volume is estimated to exceed the amount of production.

Strengthening strut Inflation Still Gold

Tuesday, May 3, 2011

Gold went up in the London session (3.5) to stay away from the daily low level 1534.60. Investors are now to review the impact the death of Osama bin Laden, the U.S. low interest rates and fears of global inflation. The death of al-Qaeda leader managed to trigger a sharp fall yesterday, but quite volatile trading. "In recent weeks, gold overbought conditions," said Peter Fung, Wing Fung Precious Metals officials who predict the prices are still volatile in the near future. Level of $ 1,500 is still a strong support for gold, "added Fung.

Gold may lack the appeal of safe-haven due to news of the death of Osama bin Laden, but the bullish trend is still maintained by the macro-economic indicators. "Factors supporting the rally remains intact, such as loose monetary policy from the Federal Reserve," said Ong Yi Ling, an analyst at Philip Futures. Concerns Happenings global inflation, unrest in the Middle East and North Africa may also increase interest in the precious metal investment. India's central bank even raised interest rates 50 bps today to fight inflation in the current finance minister of China, Japan, and South Korea expressed concern about inflation, rising commodity prices, and rising capital flows.

Japan Economy News and Reviews

Death of Osama Lesatkan Nikkei Closure

Monday, May 2, 2011

Dollar soared from a low level in three years, while declining oil and world bourses gained on Monday after news mentioning Al Qaeda leader Osama bin Laden was killed by U.S. forces, so that raises all the previous stock market floor moving thin.

Nikkei Index on Monday closed above the crucial level of the first 10,000 times since March 11 - the day when the earthquake rocked the country - from Wall Street's optimism that the stock will likely rally after the U.S. government says al Qaeda leader Osama bin Laden was killed.

The benchmark Nikkei index closed up 1.6%, or +154.46 points, at 10,004.20. Nikkei index futures (SSIamM1) closed soared 1.72% or +170 10 030 points to level.

UK Economy News and Reviews

Strengthening Pound Still Continues Despite Down UK Consumer Data

Monday, May 02 2011

UK fundamental data that UK consumer confidence index plummeted to its weakest level since the recession in February 2009. GfK NOP Ltd reported

Program pruning the British government seems to have an impact on consumer purchasing power. Sentiment index fell to minus 31 in April or worse than the March record (minus 28). Annually, the consumer confidence index had fallen from the level of minus 16.

British household budget that has been depressed by inflation exceeded the central bank's target, 2%. In addition, the largest fiscal tightening since World War II also weigh on consumers. But the economic expansion of 0.5% in the first quarter is considered quite mengimbang cessation of production in the previous 3 months, due to extreme weather.

For the movement of Pound himself, after the currency had weakened slightly in early Asian trade, currencies bounce back. The pound is open at 1.6629 and is currently in the range of 1.6650.

According to Anton Kloganov, analysts ForexMillion. "The currency traded sideways. Strengthening continues. While the level

Resistance at 1.6675 and then 1.6880, "The weakening currency will be below the support level at 1.6630, and 1.6520 level.

Spanish Economy News and Reviews

Spain's Unemployment Rate Worst Since 1997

Saturday, April 30, 2011

MADRID - Spain's unemployment rate soared 21.3 percent in the first kaurtal this year. As many as 4.9 million people registered to lose his job, where the figure is the highest figure since 1997.

Unemployment during the period from January to March rose one percent from 20.3 pesren at the end of 2010, and increase the pressure on Spain. The Spanish government is now trying to recover from the recession that has been more than two years and tried to convince investors that all this could overcome the problem of heavy debt.

"The country is struggling to shift from dependence on the construction sector, which supported growth for many years until the financial crisis emerged Spanish real estate bubble, and make the economy more competitive and reduce the national debt," said the Spanish government as quoted by AP, on Saturday ( 04/30/2011).

Currently, the number of people who lost their jobs to reach 4.9 million by the end of March, rising by 214 thousand compared to the previous quarter. As for those who lose jobs which are from the service sector, agriculture, manufacturing, and the highest is the construction.

This increase was bad news in my family life, especially for households. For as is known, the prices of basic commodities also increased.

Spain itself is forecast to experience growth that is not too large during the year 2011, only approximately 1.3 percent. So the government expects the availability of new jobs to be able to increase economic growth in the second semester of this year.

Gold Back Stronger After the U.S. manufacturing data

Monday, May 2, 2011

Gold prices turned weaker dollar rose broadly in line on the U.S. trading session, after U.S. manufacturing activity index showed a decline in April.

Gold traded rose more than $ 3.50 to $ 1,563 an ounce on the Comex in New York Mercantile Exchange. Previously Gold prices touched a record $ 1,576.65 an ounce, but corrected in most of the electronic trading session due to dollar appreciation.

U.S. manufacturing sector managed to expand in 21 months in a row, but noted a decrease to 60.4% in April from 61.2% the previous month, according to the Institute of Supply Management reported Monday.

Correction of Oil Will Continue

Monday, May 2, 2011

Put oil in a two-week decline terdesar expectations due to the killing of Osama bin Laden may reduce the risk of supply disruptions in the Middle East. U.S. President Obama has confirmed the death of al-Qaida leader during the fighting in Abbottabad, Pakistan. This further deepened the decline in oil prices also pressured by a reduction in force of economic growth in China, the world's second largest oil consumer.

"The death of Osama could be bearish because the trigger can reduce the fear of infectious unrest in the Middle East," said Stephen Schork, The Schork Group officials. "Now, market corrections have a reason to come down significantly."

Oil was also pressured by China's manufacturing index downs in April. Manufacturing PMI index slipped to 52.9, lower than the predicted 54.0 and 53.4 in March publications. "The descent to the manufacturing index suggests that the economic slowdown means less oil consumption," said Jonathan Barratt, officials Commodity Broking Services. The growth in Asian oil demand will slow in the second half of this year due to high fuel prices hurt consumer demand, wrote JPMorgan Chase.

UK Economy News and Reviews

Beware Support Sterling 1.6624

Friday, April 29, 2011

Sterling slid to the support area at 1.6624. Tembusnya support is expected to cause the correction to continue until the next support area at 1.6550, or trendline Accelerating the area marked by the dashed green line. The estimate is because until recently the stochastic and the CCI in graph 4 hours still maintain their bearish signal. However, if the support at 1.6624 and CCI stohcastic last until 4 hours have reached the oversold area, then chances are sterling will go up to test resistance in the area of ​​1.6744.

Japan Economy News and Reviews

Reassure Japan World Economy & Safe tour

Friday, April 29, 2011

TOKYO - The Japanese government believes that his country was safe for business and tourist destination, a large pascakelumpuhan that afflicts some parts of Japan due to the earthquake and tsunami a while back.

"We promised Japan will reshape itself into a country that is more dynamic in dealing with disaster yesterday," said Japanese Foreign Minister Takeaki Matsumoto, as reported by AFP on Saturday (30/04/2011).

According to him, step for the WTO which urged tourists not to go to Japan is a redundant step. Matsumoto also stressed that the radiation level in Tokyo have never reached a level dangerous to health and the export of Japanese food is safe because a number of steps have been made so that their products are not contaminated. "Of course, the contaminated products will not be exported," he added.

Some time ago, governments around the world issued travel warnings and banned the import of Japanese food after the earthquake and tsunami struck the country. Plus a nuclear power plant (NPP) is predicted to cause the radiation leak and the world's worst since Chernobyl.

Furthermore, Matsumoto said Fukushima nuclear plant has changed the emergency response phase to a phase of a planned action and stable.

As is known, industrial production in Japan dropped 15.3 percent in February to March, the sharpest decline since 1953, after a while it crippled the supply chain.