— Japan Sep 1st 20-Day Exports -10.0% Y/Y Vs Aug -5.8%
— Japan Sep 1st 20-Day Imports +8.4% Y/Y Vs Aug -5.4%
— Japan Sep 1st 20-Day Trade Deficit Y514.5 Bln
TOKYO (MNI) – Amid the global slowdown, Japan’s exports slumped in
the first 20 days of September from a year earlier, when automobile
shipments had already recovered 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 Y3.38 trillion,
down 10.0% from a year before. The latest decline followed a 5.8% fall
in exports in the whole of August this year.
Imports rose 8.4% y/y to Y3.90 trillion in the first 20 days of
September following a 5.4% drop in the previous month.
As a result, Japan’s trade balance for the first 20 days of
September posted a deficit of Y514.52 billion, compared with a surplus
of Y166.16 billion in the first 20 days of September 2011.
In September 2011, Japan’s exports rose for the second straight
month on the recovery of car shipments but the pace of their on-year
increase decelerated from August amid slowing global growth and the
yen’s rise to record highs.
tokyo@marketnews.com
** MNI Tokyo Newsroom: 81-3-6860-4820 **
[TOPICS: M$J$$$,M$A$$$,MAJDS$]
