Arab Today, arab today japan exports to china rise in february boosted by post holiday demand
Last Updated : GMT 06:21:45
Arab Today, arab today
Arab Today, arab today

Japan exports to China rise in February, boosted by post holiday demand

Arab Today, arab today

Arab Today, arab today Japan exports to China rise in February, boosted by post holiday demand

Japan's shipments to China rose 5.1%
Tokyo - AFP

Japanese exports to China rose for the first time in seven months in February, the government announced Thursday, though analysts said the gain was distorted by the timing of the Lunar New Year holiday.

China is Japan's top trading partner, but the Asian giant's economic growth has been slowing as Beijing tries to pull off a delicate rebalancing towards consumer spending from exports and government spending, even as fears of a "hard landing" are rising.

Japan's shipments to China rose 5.1 percent in February from the same period last year, the first gain since July, the finance ministry said.

The increase was led by automobiles, while metal processing machinery and engines were also strong, the ministry said.

The result also contributed to Japan recording an overall trade surplus of 242.8 billion yen ($2.15 billion) -- the first in two months -- though falling oil prices were seen as the key contributor.

Marcel Thieliant, an economist at capital Economics, cautioned against reading too much into the export figures.

"Around half of Japan’s exports end up in countries that celebrate Lunar New Year, and shifts in the timing of the festivities tend to affect trade volumes," he wrote in a note.

Overall, Japanese exports fell 4.0 percent in February from the same period last year, led by steel exports, marking the fifth straight monthly decline.

Imports, meanwhile, declined 14.2 percent, largely due to sliding prices of liquefied natural gas and oil into resource-poor Japan.

"Import prices of energy, such as crude oil and LNG, have lifted Japan's trade balance," said Junichi Makino, chief economist at SMBC Nikko Securities.

Exports remained "weak", but "downward pressure" on them was also weakening, he added, while auto exports remained solid.

Thieliant also warned, however, that the trend is towards a higher energy bill for Japan in coming months.

"The bigger picture is that crude oil prices are rebounding while the yen should weaken, so the energy import bill should rise again soon," he wrote in a note.

The trade data are the latest snapshot for the world's third-largest economy, which shrank 0.3 percent in the October-December quarter in another blow to Prime Minister Shinzo Abe's bid to slay nagging deflation and kick-start the economy.

The Bank of Japan, the central bank, announced a negative interest rate in January in a rare move to boost corporate investments, but critics have panned it as a desperate move and questioned its overall effectiveness.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan exports to china rise in february boosted by post holiday demand Arab Today, arab today japan exports to china rise in february boosted by post holiday demand

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Rebel supporters flood Yemen streets

GMT 06:39 2017 Monday ,27 March

Rebel supporters flood Yemen streets
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Nermein Al Fekki films “Foxes in the Valley”

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 06:04 2017 Tuesday ,28 March

Saudi Arabia ranks 3rd globally for smartphone use

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday