#japan export

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[mystlnewsonline]

New Post has been published on https://www.stl.news/japan-exports-up-12-percent-in-2017-in-tailwind-for-growth/73441/

Japan exports up 12 percent in 2017 in tailwind for growth

TOKYO/January 24, 2018(AP)(STL.News)— Japan’s trade surplus fell by 25 percent in 2017 from a year earlier though a recovery in exports to China and the U.S. helped provide a strong tailwind for the economy.

Preliminary data released Wednesday showed exports rose 11.8 percent in 2017 to 78.3 trillion yen ($712 billion) while imports surged 14 percent from the year before to 75.3 trillion yen ($684 billion), pushed higher by a recovery in oil prices. That took the trade surplus to about 3 trillion yen ($27.3 billion).

In December, exports climbed 9 percent year-on-year to 7.3 trillion yen ($66.4 billion) while imports jumped 15 percent to 6.9 trillion yen ($62.7 billion). The 359 billion yen ($3.3 billion) surplus was down 44 percent from the same month in 2016.

Exports to China jumped 20.5 percent last year to 14.9 trillion yen ($135.5 billion), mainly thanks to strong shipments of industrial machinery and chemicals. Exports to Asia as a whole jumped nearly 16 percent to 42.9 trillion yen ($390 billion).

While Japan runs a perennial trade deficit with China, its trade surplus with all of Asia jumped 52 percent to 5.9 trillion yen ($53.6 billion), second only to its politically tricky 7.04 trillion yen ($64 billion) surplus with the U.S., its largest export market and ally.

Exports to the U.S. climbed 6.8 percent from a year before in 2017 to 15.1 trillion yen ($137 billion), largely driven by shipments of cars and other vehicles, parts and other transport equipment that accounted for 40 percent of the total.

Japan’s imports from the U.S. rose 10 percent to 8.08 trillion yen ($73.4 billion) last year, with strong growth in shipments of coal and oil, ore and food.

The rebound in demand from other major economies has been a boon for Japan’s manufacturers. Preliminary results from the Nikkei monthly survey of purchasing managers released Wednesday showed surging new orders helped push factory activity in January to its fastest pace in nearly four years.

By Associated Press, published on STL.NEWS by St. Louis Media, LLC (TM)

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Japan export slowdown could weigh on Q2 GDP growth

New Post has been published on http://www.newsnish.com/business/japan-export-slowdown-could-weigh-on-q2-gdp-growth/

Japan export slowdown could weigh on Q2 GDP growth

Japan’s export growth slowed for a second straight month in May, with weak external demand now threatening to erode economic growth in the current quarter.

Ministry of Finance (MOF) data showed exports grew 2.4 percent year-on-year in May, less than a 3.5 percent gain seen by economists and a 8.0 percent rise in the prior month. Compared with April, exports fell 2.7 percent.

Export growth, in tandem with domestic demand, is seen as crucial for building on the momentum evident from recent data showing stronger-than-expected economic expansion – led by corporate capital expenditure at the start of the year.

The data will be scrutinised by the Bank of Japan, which is expected to keep its monetary stimulus programme unchanged at its policy review later this week, after having offered a slightly more upbeat view of the economy last month.

“Exports are undoubtedly weak and the momentum is stalling due to slowdown in China,” said Takeshi Minami, chief economist at Norinchukin Research Institute.

“Exports are likely to keep a drag on economic growth, which could grind to a halt or turn negative in the current quarter given weak private consumption and external demand.”

Shipments to China, Japan’s largest trading partner, grew 1.1 percent, slowing from a 2.4 percent gain in April. China-bound car exports nearly halved from a year ago.

Exports to Asia, which account for more than half of Japan’s shipments, rose 3.3 percent, after a 6.0 percent gain in April.

Exports to the United States, a key market for Japanese goods, rose 7.4 percent in the year to May, led by car shipments but slowed sharply from the prior month’s 21.3 percent gain. U.S.-bound export volume fell for the first time in six months.

Imports fell 8.7 percent in the year to May due to annual declines in energy prices, versus the economists’ median estimate for a 7.5 percent decline. That brought the trade balance to a deficit of 216 billion Japanese yen ($1.75 billion), roughly in line with a 226.0 billion yen deficit expected.

Revised gross domestic product data showed this month export growth slowed to 2.4 percent in January-March from 3.2 percent in the previous quarter, reflecting slowdown in the U.S. and Chinese economies.

Imports outpaced exports, causing external demand to shave 0.2 percent off first-quarter economic growth.

The Japanese currency hit a 13-year low above 125 yen to the dollar this month before gaining some ground, but is down about 20 percent for the year.

Source: Reuters, Tokyo

[customstoday]

جاپان کے تجارتی خسارے میں 32 فیصد کمی ریکارڈ

جاپان کے تجارتی خسارے میں 32 فیصد کمی ریکارڈ

ٹوکیو: جاپان کے تجارتی خسارے میں رواں سال نومبر کے دوران گزشتہ سال کے اسی عرصے کے مقابلے میں 32 فیصد کمی ہوئی ، جس کی وجہ برآمدات میں اضافہ اور خام تیل کے درآمدی بل میں کمی ہے ۔ سرکاری اعدادو شمار کے مطابق نومبر کے دوران تجارتی خسارے کا حجم 892 ارب ین (7.7ارب ڈالر ) رہا جو کہ پچھلے سال کے اسی عرصے کی نسبت ایک تہائی 32فیصد کم ہے ۔ انہوں نے کہا کہ نومبر کے دوران ملکی برآمدات کی شرح میں بہتری…

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