— Japan Mar 1st 20-Day Exports -7.3% Y/Y Vs Feb -2.7%
— Japan Mar 1st 20-Day Imports +10.5% Y/Y Vs Feb +9.2%
— Japan Mar 1st 20-Day Trade Deficit Y191.24 Bln; Surplus Yr Ago
TOKYO (MNI) – Japan’s exports slumped in the first 20 days of March
as the economy is struggling to recover from slower global growth and
the drag from the strong yen, data released by the Ministry of Finance
showed on Friday.
Exports in the first 20 days of last month fell 7.3% on the year to
Y3.64 trillion after falling 2.7% in the whole of February.
Imports rose 10.5% y/y to Y3.83 trillion in the first 20 days of
March following a 9.2% rise in the previous month.
As a result, Japan’s trade balance for the first 20 days of March
posted a deficit of Y191.24 billion after marking a small surplus of
Y29.39 billion for the whole of February and a surplus of Y459.54
billion in the first 20 days of March 2011.
Japan unexpectedly logged the first trade surplus in five months in
February on brighter North American growth prospects and solid demand
from Southeast Asia amid easing fears of the yen hurting an export-led
recovery.
tokyo@marketnews.com
** Market News International Tokyo Newsroom: 81-3-5403-4835 **
[TOPICS: M$J$$$,M$A$$$,MAJDS$]
