Arab Today, arab today japan trade deficit narrows but exports still weak
Last Updated : GMT 19:10:51
Arab Today, arab today
Arab Today, arab today

Japan trade deficit narrows but exports still weak

Arab Today, arab today

Arab Today, arab today Japan trade deficit narrows but exports still weak

In the latest figures, shipments by Japanese firms to China dropped 8.1%
Tokyo - AFP

Japan's trade balance narrowed last month but exports fell again, particularly to major market China, official data showed Thursday.

The disappointing export figures underscore concerns about China's growth, despite signs of a modest pickup in the Japanese economy.

The finance ministry said Japan's November trade deficit shrunk by nearly 58 percent from a year ago to 379.7 billion yen ($3.1 billion), beating market expectations of a 480 billion yen deficit.

In October, Japan posted its first on-year trade surplus in seven months as the value of energy imports slumped on falling oil prices.

In the latest figures, shipments by Japanese firms to China dropped 8.1 percent, the fourth straight on-year fall, due to declines in exports of memory chips and other electronics parts.
Total exports fell 3.3 percent, while imports were down 10.2 percent from the same month last year.

The figures highlight the challenges facing Tokyo's bid to kick-start the world's number three economy in the face of slowing global growth.

Prime Minister Shinzo Abe has been trying for nearly three years to revitalise the nation's economy through his signature "Abenomics" programme based on aggressive monetary easing by the Bank of Japan.

Last month, official economic growth figures showed another contraction in the July-September period, suggesting Japan's economy had fallen into its second recession in as many years.

But later revised figures actually showed modest growth in the third quarter, as capital spending and factory output picked up.

The data come after the US Federal Reserve on Wednesday raised key interest rates for the first time in nearly a decade, underscoring its confidence in the health of the world's top economy.

The move offers some good news for Japanese firms doing business in the key US market, analysts said.

"The domestic situation in the US looks good, and if the US is strong, that's positive for Japan," Ayako Sera, market strategist at Sumitomo Mitsui Trust Bank, told Bloomberg News.

But Japan's latest trade data point to "broadly stagnant external demand", said Marcel Thieliant from research house Capital Economics.

 

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 trade deficit narrows but exports still weak Arab Today, arab today japan trade deficit narrows but exports still weak

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
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