Japan Charts Week 20 (May 11-May 17 2009)

[binary solo]

Ail said:

binary solo said:
Economic news about japan is dire to say the least. The Japanese economy is in its worst decline since WWII. E.g. Toyota alone is normally responsible for 10% of Japan's corporate tax revenue. Toyota has posted a loss for the first time ever, which means the Japan govt takes a 10% revenue hit, just from that one company.

Given that I expect the Japanese games market to be depressed for quite some time. With major software releases generating HW boosts of a lower peak and shorter duration than would normally be expected.

Wii can afford a price drop and remain profitable, which will help with sales to a certain extent. PS3 can barely afford a price drop, and if it doesn't boost sales much because of the general economic conditions of the time then what's the point? Better to make a meagre profit on ~10K of sales than make a slight loss on ~12K of sales. Ride out the storm then cut the price when people get back into a buying mood.

 

Not sure where you got that toyota/japan tax revenue information but it is blatantly false...

Japan 2008-2009 tax revenue : 54 trillion yen

Toyota all time record net profit : 13.7 billion $ ( in 2007). They payed about 5 billion $ of taxes that year.

5 billion $ = 500 billion yens = 1% of Japan tax revenue....

 

It was a radio news article about Japan's economic woes (4% drop in GDP in the last Quarter(?) year(?)). Note I said 10% of corporate tax revenue, not total tax revenue. I was only half paying attention but I definitely heard "10%" and "tax" and "Toyota" all in the same sentence, and the statement that the govt coffers are most definitely going to suffer from the fact that this one company will be paying no tax. It's a big deal whatever the %.