Arab Today, arab today japan trade deficit soars 25 to 98bn
Last Updated : GMT 14:53:04
Arab Today, arab today
Arab Today, arab today

Japan trade deficit soars 25% to $9.8bn

Arab Today, arab today

Arab Today, arab today Japan trade deficit soars 25% to $9.8bn

Tokyo - AFP

Japan\'s trade deficit ballooned to $9.8 billion in August, official data showed Thursday, underscoring how a weaker yen has sent the country\'s energy import bill soaring. The monthly deficit of 960.3 billion yen was well up from a shortfall of 768.4 billion yen a year earlier, marking the worst-ever August deficit and extending a string of shortfalls to 14 months -- tying the previous record set more than three decades ago. The data showed that a drop in the yen since late last year has helped Japan\'s exports, with the value of shipments rising 14.7 percent, helped by strong demand for vehicles. And with strengthening demand in key export markets including the United States, China and Europe, Japan\'s trade picture was likely to brighten, said Credit Agricole economist Yoshiro Sato. \"Although the trade deficit is still large of late, the improvement in export outlook would mean that it would gradually narrow going forward,\" he added. Imports jumped 16.0 percent last month, with energy costs soaring after the Fukushima atomic crisis forced Japan to switch off its nuclear reactors. The mixed trade picture is largely a result of the weak yen, which boosts the costs of imports but also inflates the value of exports. The yen has declined by about a quarter against the dollar in the past year, boosting exporters\' competitiveness and their bottom line. Japanese Prime Minister Shinzo Abe, who took office late last year, launched a policy blitz dubbed Abenomics that meshed government spending with a central bank monetary easing plan unveiled in April, which weighed on the currency. The moves are aimed at rebooting the world\'s third-largest economy, which has suffered from growth-sapping deflation for years. Tokyo has been keeping a close eye on recent economic data as it looks set to usher in a sales tax hike that some fear could derail efforts to stoke growth. Raising taxes is seen as crucial to bringing down Japan\'s staggering national debt -- proportionately the worst among industrialised nations at more than twice the size of the economy. mura Buoying hopes that a turnaround is under way, revised figures earlier this month showed Japan\'s economy grew more than initially thought in the June quarter, expanding 0.9 percent, up from a preliminary reading of 0.6 percent. The trade data released Thursday showed that the value of shipments to the key US market jumped 20.6 percent from a year earlier, while exports to the troubled eurozone were up 18 percent. Exports to China rose 15.8 percent despite a rumbling territorial dispute between Tokyo and Beijing that flared anew last year, denting trade ties. Japan\'s energy import bills have surged since the country shut down its nuclear reactors following the crisis at Fukushima in March 2011, as it turned to price fossil fuel alternatives. The country last suffered a 14-month run of monthly deficits from July 1979 to August 1980, caused by the oil shock.

arabstoday
arabstoday

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 soars 25 to 98bn Arab Today, arab today japan trade deficit soars 25 to 98bn

 



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 soars 25 to 98bn Arab Today, arab today japan trade deficit soars 25 to 98bn

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Tillerson heads to Gulf, downbeat

GMT 09:23 2017 Friday ,20 October

Tillerson heads to Gulf, downbeat
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
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