Arab Today, arab today japan posts surprise trade surplus
Last Updated : GMT 09:54:38
Arab Today, arab today
Arab Today, arab today

Japan posts surprise trade surplus

Arab Today, arab today

Arab Today, arab today Japan posts surprise trade surplus

Tokyo - AFP

Japan posted its first trade surplus in three months in June, data showed Thursday, indicating that the world\'s third largest economy is recovering more quickly than expected from the March 11 disasters. The country logged a 70.7 billion yen ($897 million) trade surplus last month, about a tenth of the year-before figure but overturning expectations of a deficit, finance ministry data showed. Economists had on average expected a deficit of 148.6 billion yen, according to a poll by Dow Jones Newswires and the Nikkei business daily. Analysts warned that while the latest trade data indicate Japan is on a faster-than-expected recovery track from the quake-tsunami, risks such as power shortages, US economic weakness and sovereign debt woes in Europe remain. Daiju Aoki, economist at investment bank UBS, said recovery \"is expected to continue\", despite the risks and a strong yen that is trading at four-month highs against the dollar. However, others said the latest data showed the economy still had some way to go to a full recovery. \"Japan\'s exports may not be able to maintain the pace of recovery down the road,\" SMBC Nikko Securities chief market economist Mari Iwashita told Dow Jones Newswires, noting that growth in key markets such as the US and China -- Japan\'s biggest export market -- appears to be slowing. The 9.0 magnitude earthquake and tsunami on March 11 devastated Japan\'s northeast, leaving 20,000 dead or missing and causing massive production disruption, sending shipments of cars and other key export products plunging. As firms shuttered factories due to power and parts shortages, the economy was pushed into recession in the January-March quarter. However, supply chains have been recovering fast despite a volatile power situation in the wake of the nuclear accident at the Fukushima Daiichi plant and the suspension of reactors elsewhere. A government decree took effect on July 1 obliging big companies in the Tokyo and Tohoku northern region to reduce peak power usage by 15 percent to avoid blackouts, the first such restrictions on power use since the 1974 oil crisis. But companies have so far coped with the power use cuts by changing factory operation hours and other measures, Aoki said. June exports totalled 5.78 trillion yen, down 1.6 percent from a year earlier. It was a much smaller drop compared with falls of 10.3 percent in May and 12.4 percent in April. Overall imports rose 9.8 percent to 5.71 trillion yen due to higher oil and other commodity prices, extending their rising streak to an 18th consecutive month. Aoki said the June trade surplus reflects factory output rising at the second fastest pace on record in May, soaring 5.7 percent from April. A May government survey of Japanese manufacturers found production would increase a further 5.3 percent in June and 0.5 percent in July. Production growth is seen slowing in July but Aoki said he believed \"companies are not so pessimistic now as they were in May\" when they were wary before the official start of power-saving drive. \"Japan\'s trade balance is unlikely to surge into big surplus or big deficit,\" he said. Japan scored a 1.2 percent rise in exports to China. US-bound exports fell 6.1 percent in June for a fourth straight year-on-year drop, while exports to the European Union rose 8.0 percent.

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 posts surprise trade surplus Arab Today, arab today japan posts surprise trade surplus

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:01 2017 Sunday ,26 February

BRIC funds see inflows amid emerging equity boom

GMT 05:43 2017 Sunday ,26 February

Al-Gergawi quits Dubai Holding to focus on govt role

GMT 05:14 2017 Sunday ,26 February

Oil prices to average $50-$70 through 2022

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
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