Arab Today, arab today japan logs worst monthly trade deficit of 174bn
Last Updated : GMT 13:44:42
Arab Today, arab today
Arab Today, arab today

Japan logs worst monthly trade deficit of $17.4bn

Arab Today, arab today

Arab Today, arab today Japan logs worst monthly trade deficit of $17.4bn

Tokyo - AFP

Japan logged its worst ever monthly trade deficit in January despite an upturn in exports as the yen\'s recent sharp drop pushed fuel costs higher, according to official data. The world\'s third-biggest economy is mired in recession and a mood of optimism in the stock market and among analysts has so far failed to translate into good macro-economic figures. The finance ministry data showed Japan suffered a shortfall of 1.63 trillion yen ($17.4 billion) in January, the worst deficit on record for a single month, exceeding the previous record of 1.48 trillion yen for the same month last year. Comparable data began in 1979. Japan tends to post bad trade figures in January, with exports stalling because of New Year holidays. Economists on average had expected a shortfall of 1.3 trillion yen. Taro Saito of the NLI Research Institute said the deficit did appear \"a lot worse than I had expected\". \"Overall, you can\'t make the deficit go away that easily,\" Saito told Dow Jones Newswires, adding that Japan would likely see deficits over the coming months. January exports increased 6.4 percent from a year earlier to 4.8 trillion yen, the first rise in eight months on higher shipments of automobile parts and other items.But imports rose 7.3 percent to 6.43 trillion yen, boosted by heavier bills for petroleum products, natural liquefied gas and crude oil. Japan\'s fuel imports have risen since the 2011 earthquake and tsunami disaster sparked the world\'s worst nuclear accident in a generation, sending most atomic power plants offline. But the cost of imported fuel, which is denominated in US dollars, has risen for Japan as the yen has tumbled over the past few months, driven by expectations of aggressive monetary easing under Prime Minister Shinzo Abe. The dollar\'s average rate during January was 86.93 yen against 77.33 yen a year earlier, according to customs data, meaning the yen was 12.4 percent cheaper on year. A lower yen is good for Japanese exporters but there have been accusations in recent weeks, particularly in Europe, that Tokyo is deliberately trying to manipulate currency rates. The yen was trading around 93.70 to the dollar early Wednesday. Yoshiro Sato, economist at Credit Agricole, said \"the huge deficit at the beginning of the year is, as we expect, likely to result in the annual trade balance remaining in deficit for the third straight year in 2013.\" But he said the latter half of the year is likely to see a narrowing deficit on the back of recovery in global demand. Analysts had expected a boost in exports in January due to the yen\'s sharp decline and a recovery in trade with China, Japan\'s largest trading partner. Exports to China rose 3.0 percent in January with emotions over a territorial dispute easing. The row sparked huge anti-Japan protests across China and a consumer boycott that weighed heavily on China sales of well-known Japanese brands, including those of top automakers Toyota, Nissan and Honda. US-bound exports soared 10.9 percent on strong shipments of automobiles and their parts. Exports to the European Union sagged 4.5 percent, narrower than double-digit plunges in the past months.

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 logs worst monthly trade deficit of 174bn Arab Today, arab today japan logs worst monthly trade deficit of 174bn

 



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

GMT 14:57 2017 Monday ,20 February

A giant initial public offering on track

GMT 14:50 2017 Monday ,20 February

Energy Market Research

GMT 09:38 2017 Monday ,20 February

Japan returns to trade deficit in January

GMT 07:16 2017 Monday ,20 February

Global arms trade highest since Cold War

GMT 06:10 2017 Monday ,20 February

Tourism shows signs of recovery in Egypt

GMT 05:45 2017 Monday ,20 February

Brexit U-turn ruled out by many in EU
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
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 London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
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 Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

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 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

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