Exports are recovering amid stronger overseas demand from both advanced and developing economies. In December, exports expanded 13.0% year-on-year in nominal terms, driving exports to JPY 6.1 trillion (USD 73.3 billion), the highest level since October 2008. Furthermore, the figure beat market expectations that exports would rise 9.2%. The robust pace of expansion was underpinned by strong sales to China (+20.1% year-on-year), in particular of machinery and equipment. Moreover, shipments to the United States also picked up, recording an above-average 16.5% expansion amid strong sales of motor vehicles. Consequently, exports were led by shipments of industrial machinery, which rose a robust 29.3%, whereas exports of transport equipment grew a more moderate 13.5%. In contrast, imports slowed from a 14.2% expansion in November to a 10.6% increase in December. As a result, the trade surplus widened from JPY 161 billion (USD 2.0 billion) in November to JPY 727 billion (USD 8.7 billion). Despite the vigorous recovery observed in recent months, exports remain below pre-crisis levels, with the 3-month average at JPY 5.8 trillion in December, which is well below the JPY 7.4 trillion peak reached in December 2007.
Japan Trade Balance
Exports expand amid stronger demand from China and the U.S.
January 27, 2011
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Japan Economic News
October 12, 2016
Core machinery orders (a leading indicator of capital spending over a three- to six-month period) declined for the first time in three months in August.
October 4, 2016
Consumer sentiment rose from August’s 42.0 to 43.0 in September.
October 3, 2016
According to the Bank of Japan’s quarterly TANKAN business survey, sentiment among large manufacturers was stable at 6 in Q3.
September 30, 2016
In August, the core consumer price index was flat compared to the previous month, which was above the 0.2% decline in July.
September 30, 2016
In August, industrial production expanded 1.5% over the previous month in seasonally-adjusted terms, which contrasted July’s 0.4% decrease (previously reported: 0.0% month-on-month).