Could Asia go into a depression? (update 3)

As discussed in the last update. Look towards the end of the year for a clearer indication on price movements/economies of Asia. By then most of the government backed stimulus should be flushed out of the markets. Then it will all be down just to private investment and consumption.

• China's consumer price's down -1.4% May 2009 year on year
• China's producer prices down -7.2% (market expected -6.8%) " "
• South Korea's export down -28.5% May 2009 y/y
• South Korea's unemployment up 3.9% (May 2009) vs 3.7% (April 2009)
• South Korea's annual job losses most since 1999