TOKYO (MNI) – Japanese exports to industrialized Asia are likely to
return to an uptrend in mid-2011 as excess inventories in semiconductors
in the area will start falling by then, the Cabinet Office said in an
analysis paper released on Tuesday.
Electronic parts account for 12% to 13% of the volume of Japan’s
total exports to the newly industrialized economies (NIEs) comprising
Hong Kong, Singapore, South Korea and Taiwan.
The Cabinet Office said the recent decline in exports to Asia,
which has trimmed overall Japanese exports, is due partially to the
inventory adjustment for electronic parts among the NIEs.
The index for Japanese exports to Asia in volume stood at 121.1 in
November 2010 (against 100.0 for the 2005 base year), up from 119.8 in
October but on a gradual downtrend since hitting a recent high of 126.4
in April 2010.
The index of Japan’s total export volume was at 99.9 in November
vs. 98.5 in October and a recent high of 105.5 in April.
skodama@marketnews.com
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[TOPICS: M$J$$$,M$A$$$,MAJDS$]
