A glimpse at Japan's economic relationship with China.

[m0nk3y_m1nD]

China is said to be Japan's second-largest export destination. It has also been said that Chinese are 30% of what makes up the tourists in Japan. Cancellation of trips incoming and outgoing to China certainly affects its economy, that's why I am under the impression that Tokyo Stocks Exchange (Tosho) will drop even further. The 5-day index shows a 1.48% drop as we speak.

Having said that, we might expect them to look bullish on $BTC until they figure out where else to put the money withdrawn from Tosho. Therefore, I am not buying $BTC at the moment - instead would definitely wait for the dip. CAVEAT.

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[davis196]

China is said to be Japan's second-largest export destination. It has also been said that Chinese are 30% of what makes up the tourists in Japan. Cancellation of trips incoming and outgoing to China certainly affects its economy, that's why I am under the impression that Tokyo Stocks Exchange (Tosho) will drop even further. The 5-day index shows a 1.48% drop as we speak.

Having said that, we might expect them to look bullish on $BTC until they figure out where else to put the money withdrawn from Tosho. Therefore, I am not buying $BTC at the moment - instead would definitely wait for the dip. CAVEAT.

Interesting theory,but I don't see any panic in the Tokyo Stocks Exchange or any increase of buyer's interest towards Bitcoin,coming from people in Japan.Perhaps they have other options to secure their funds,except BTC.Maybe government bonds and gold.Maybe most of the traders will not withdraw any funds from the Tosho,because they are confident about the corona virus crisis coming to an end soon.

[Lucius]

Good observation, but I think not only Japan is affected by the situation in China regarding the coronavirus (and the bird flu epidemic should not be forgotten). Also, although many see Japan as a thriving country, they have no idea that Japan has the largest debt in the world (who would have thought that?)

Japan, with its population of 127,185,332, has the highest national debt in the world at 234.18% of its GDP, followed by Greece at 181.78%. Japan's national debt currently sits at ¥1,028 trillion ($9.087 trillion USD). After the stock market crashed in Japan, the government bailed out banks and insurance companies and provided them with low-interest credit. Banking institutions had to be consolidated and nationalized after a period of time and other fiscal stimulus initiatives were used to help reboot the struggling economy. Unfortunately, these actions caused Japan’s debt level to skyrocket.

This situation is something that can only aggravate Japan's economic situation, especially if we look at the fact that many countries are actually in a technical recession. Interestingly, Japanese exports fall throughout 2019 (every month) and wages are also going down in seven months (from 10). This only means that things have gone downhill long before, Japan is feeling the effects of the US-China trade war.

[abhiseshakana]

China is said to be Japan's second-largest export destination. It has also been said that Chinese are 30% of what makes up the tourists in Japan. Cancellation of trips incoming and outgoing to China certainly affects its economy, that's why I am under the impression that Tokyo Stocks Exchange (Tosho) will drop even further. The 5-day index shows a 1.48% drop as we speak.

Having said that, we might expect them to look bullish on $BTC until they figure out where else to put the money withdrawn from Tosho. Therefore, I am not buying $BTC at the moment - instead would definitely wait for the dip. CAVEAT.

From competition to coexistence, bilateral relations between Japan and China have entered a new phase.

Starting from the dispute over the islands of the East China Sea, and territorial disputes, to China 's concerns about the strategic alliance between the United States, Japan, India, and Australia to block China's OBOR project in Asia in the Indo - Pacific group. Until now, China is still a threat to Japan. because China has begun to challenge Japan's influence in various countries with the torch project and the Asian Infrastructure Investment Bank based in Beijing.

But the Chinese and American trade wars brought many changes to the geo-economic map in the World including increased bilateral relations between Japan and China. China competes with America for better economic relations with Japan while Japan also needs China to stem the negative effects of a trade war. So there is a mutual need relationship

The trade war created a paradox that changed the political and economic constellation of the world, especially in Asia. Trump's high tariff trade protectionism requires Japan to form a coalition with China. Japan faces risks because Japan exports manufacturing equipment and electronic components to China, which is used to make finished goods for the United States and other markets.

Japan sees the OBOR China project as an opportunity to absorb Japanese products in the third world. So the two countries agreed to form a coalition to operate infrastructure projects in a third country. Even Japan and China entered into an exchange agreement for Yuan and Yen in trade.

In my opinion, the strengthening of economic relations between the two countries will not affect bitcoin because what is done by Japan and China is the majority of long-term infrastructure projects. And the agreement to open a Yuan clearing bank in Japan shows that China is very structured for its Yuanization program

[exstasie]

China is said to be Japan's second-largest export destination. It has also been said that Chinese are 30% of what makes up the tourists in Japan. Cancellation of trips incoming and outgoing to China certainly affects its economy, that's why I am under the impression that Tokyo Stocks Exchange (Tosho) will drop even further. The 5-day index shows a 1.48% drop as we speak.

If the coronavirus reaches pandemic levels as some experts predict, the economic implications will go much further than just Japan. It could significantly slow global GDP growth and hasten the timeline of all these "incoming global recession" predictions.

On the other hand, this stuff is probably being blown out of proportion. 2019-nCoV is about as contagious as SARS was, but it's significantly less deadly:



This will probably all resolve itself in the next several weeks.

[mu_enrico]

Why restrict your guesstimate to only Japan? Forget about a pandemic scenario, if this virus becomes an epidemic in China. There would be a dip in the global market since everything, including your pants, are made in China.

However, governments have a lot of experience in containing virus outbreaks, so we shall be optimistic that this would be over soon.

[beerlover]

There are two scenarios that people are standing on, and those also have branches to it as well. One is virus is as serious as conspiracy theorists claim it is (which I doubt is the reality) and the other is it is nothing to make a deal about. Now just as we imagine, it will turn out to be another virus that we always have, and it will be nothing major very soon.

However, if it is actually serious and all countries start to back away from China, that has two potential possibilities. China will have trouble getting money and debt from all over the world which would hurt them the most and countries who depend on Chinese manufacturing could actually try to establish stuff on their own nation which would make things cost more but also help them earn more as a nation as well instead of paying to Chinese, which could turn out to be great. Or it would just bankrupt companies and would be awful for the whole nation.

[RealMalatesta]

That much drop means nothing when you are a country as big as Japan, hell even if they will never have any more Chinese tourists, that won't be really a huge trouble for them because its still a very good travel destination as a nation. The export however is a big problem, not just for Japan but for all over the world China is the manufacturer of the world, they literally produce every good in the world nowadays, even if there is a national version in any nation for the same product, there is also a Chinese version of it as well.

As long as Japan and China figure out the manufacturing and export issue, they will have zero issues with just tourism, China has a lot of nations they could go visit when they want if Japan doesn't allow them, that is kinda alright part of the deal.

[Mahanton]

China is said to be Japan's second-largest export destination. It has also been said that Chinese are 30% of what makes up the tourists in Japan. Cancellation of trips incoming and outgoing to China certainly affects its economy, that's why I am under the impression that Tokyo Stocks Exchange (Tosho) will drop even further. The 5-day index shows a 1.48% drop as we speak.

Having said that, we might expect them to look bullish on $BTC until they figure out where else to put the money withdrawn from Tosho. Therefore, I am not buying $BTC at the moment - instead would definitely wait for the dip. CAVEAT.

1.48% drop on Stocks does really hurt or a big thing into this market but for crypto? no it isnt. Dont know why people do keep tagging crypto into that corona virus thing?

These kind of sentiments were actually valid but it isnt applicable nor for you to presume that it will also tie up with Btc.No, these things doesnt really affect crypto prices.
For stocks? yes. . but for crypto then it doesnt matter.

[bobitza]

We all know that Japan and China are the most economically developed countries, ranked first and second compared to other countries in the world. Currently Japan and China cooperate and cooperate with each other in many fields, especially economy and young people. This cooperation further boosts the economies of the two countries. If the economy is stable, the bitcoin market will be stable as well. Bitcoin depends on the economy.

[Kakmakr]

Chinese exports are also taking a hammering, because the destination countries for their products are declining. I spoke to a chap in one of our local Chinese markets and he says his sales has gone down significantly since this outbreak. People even fear the products being shipped from China are contaminated.

Most of these products are shipped and it takes several weeks and/or months for it to reach it's destination. Even if these packages were contaminated, it would not infect the customers, because the virus dies within 5 days. <outside the body>

During December, before the outbreak you could hardly move in our local China town market and now the isles are almost empty.    Tourism income is the least of their problems, because people in other countries does not even want to handle packages that are coming from China.

[hugeblack]

Supposing that there was a decrease in the Tokyo Stock Exchange, does this mean that this money will go directly to Bitcoin or to the safe havens? We have many economic alternatives that are a strong competitor to cryptocurrencies. For example, we have gold, stable fiats, real estate, etc. Thus, with the multiplicity of economic activities, there will be no reason to go directly to Bitcoin.

Even the money that will flow will be personal money, not institutions or companies, "they have huge sums that may change prices."

[Findingnemo]

So it seems like there will be economic slow down worldwide so this is the chance every crypto enthusiast waiting for? A lot of people will jump into cryptos for sure if global stocks get hit with this issue.

About the virus still not perfect cure found and more and more people were dying,anyone got info about recent updates about treatment?

[DoublerHunter]

It seems like Tokyo Stock Exchange doesn't give a thing with China's current situation. But I really expect the global economy to be affected by this new era Nover Corona Virus. I have this theory that Novel Corona Virus was man-made to lure the crowd on what is really happening behind closed doors. They were meant to be released so that the oligarchs can do something on their end more peacefully and sneaky. And I assume that the move I am talking about might affect the global economy. Nevertheless, we will see it sooner or later.

[Negotiation]

Japan's economic relations with China are very good. China exports more from Japan. You have said very well but I think China is unable to trade properly because of the coronavirus and their production is slowing down. Also no country is accepting anything from China now because of the spread of the virus. Whatever the impact of the virus the economic situation will return to its position and the Bitcoin currency market will stabilize.

[Febo]

China is said to be Japan's second-largest export destination. It has also been said that Chinese are 30% of what makes up the tourists in Japan. Cancellation of trips incoming and outgoing to China certainly affects its economy, that's why I am under the impression that Tokyo Stocks Exchange (Tosho) will drop even further. The 5-day index shows a 1.48% drop as we speak.

When people will sell stocks will not buy Bitcoin. Not at first.   Also. Whole world is highly dependant on China. Not just Japan. Third, most likely virus will not be only based in China but is already widespread in other countries like Singapore and Japan. Our best hope is that summer comes early. So flue viruses gets less defective to spread. And by next Autumn we find out vaccine.