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Oil is cheap because China is having problems. And they were perhaps selling robots to China. Yes, cheap commodities should benefit Japan but when they're chea
by guard-of-terra 11y ago
Oil is cheap because China is having problems.
And they were perhaps selling robots to China.
Yes, cheap commodities should benefit Japan but when they're cheap because demand is weak, Japan suffers from that too.
- dilemma 11y agoThe Japanese economy is dependent on exports of robots to China?
- beachstartup 11y agoyes, and cars and electronics and everything else china consumes. even 7-11. you ever been to china?
- dilemma 11y agoI live in China, and previously in Japan. My point is that the majority of the Japanese economy is not made up of exports to China, which in turn are not in majority made up of robots, as the parent believes.
- nullrouted 11y ago18% of their export economy is, which is a pretty large amount. http://atlas.media.mit.edu/en/profile/country/jpn/ http://atlas.media.mit.edu/en/profile/country/jpn/
- beachstartup 11y agoELI5: a reduction in demand from china will have a huge impact on japan. i don't know what other weird yarn about robots you're trying to spin with my words.
- dilemma 11y agoYou're not the parent; stop commenting.
- deleted 11y ago[deleted]
- neximo4 11y agoIt can be said the main reason oil is cheap is for political reasons. Saudi Arabia has saved up a large stash over the past few decades & it would not like its regional power states to be taken away in wake of the removal of Iranian sanctions. At least not for a while. The Saudi oil ministry intentionally lobbied for increased production as soon as they became aware Iranian oil sanctions could be removed. If game theory is used to analyse the situation, it serves them best to encourage the oil price to stay low & everyone else is incentivised not to cut production either.