— Japan Apr 1st 20-Day Exports +15.6% Y/Y Vs Mar +5.9%
— Japan Apr 1st 20-Day Imports +12.4% Y/Y Vs Mar +10.6%
— Japan Apr 1st 20-Day Trade Deficit Y798.10 Bln; -Y797.80 Bln Yr Ago
TOKYO (MNI) – Japan’s exports jumped in the first 20 days of April
as the economy is recovering gradually in the absence of the major
supply chain breakdown caused by the earthquake disaster last year, data
released by the Ministry of Finance showed on Thursday.
Exports in the first 20 days of last month came to Y3.61 trillion,
up 15.6% from a year earlier, when shipments of cars and electronics
were hit by the disaster. It followed a 5.9% rise in the whole of March.
Imports gained 12.4% y/y to Y4.41 trillion in the first 20 days of
April following a 10.6% rise in the previous month.
As a result, Japan’s trade balance for the first 20 days of April
posted a deficit of Y798.10 trillion after marking a deficit of Y84.52
billion for the whole of March and a deficit of Y797.80 billion in the
first 20 days of April 2011.
In March, Japan’s exports posted the first year-on-year rise in six
months on brighter North American growth prospects and solid demand from
Southeast Asia amid easing fears of the yen hurting an export-led
recovery.
But Japan still posted a small trade deficit of Y82.6 billion in
March, reversing a year earlier surplus of Y170.9 billion, hit by
surging imports of crude oil and liquefied natural gas.
tokyo@marketnews.com
** Market News International Tokyo Newsroom: 81-3-5403-4835 **
[TOPICS: M$J$$$,M$A$$$,MAJDS$]
