— Japan Aug 1st 20-Day Exports -12.9% Y/Y Vs July -8.1%
— Japan Aug 1st 20-Day Imports -10.1% Y/Y Vs July +2.1%
— Japan Aug 1st 20-Day Trade Deficit Y566.8 Bln
TOKYO (MNI) – Amid the global slowdown, Japan’s exports slumped in
the first 20 days of August from a year earlier, when shipments were
recovering from the supply chain breakdown caused by the March
earthquake disaster, data released by the Ministry of Finance showed on
Friday.
Exports in the first 20 days of last month came to Y3.00 trillion,
down 12.9% from a year before, when the year-on-year slump in shipments
of cars and electronics was easing from the previous month.
The latest decline followed a 8.1% fall in exports in the whole of
July this year.
Imports fell 10.1% y/y to Y3.57 trillion in the first 20 days of
August following a 2.1% rise in the previous month.
As a result, Japan’s trade balance for the first 20 days of August
posted a deficit of Y566.78 billion, compared with a deficit of Y522.08
billion in the first 20 days of August 2011.
In August 2011, Japan posted its first trade deficit in three
months as soaring energy import costs offset a rebound in auto exports.
tokyo@marketnews.com
** MNI Tokyo Newsroom: 81-3-6860-4820 **
[TOPICS: M$J$$$,M$A$$$,MAJDS$]
