ID :
134819
Mon, 07/26/2010 - 23:39
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https://www.oananews.org//node/134819
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Japan`s June exports up 27.7%, but pace slows for 4th straight month+
TOKYO, July 26 Kyodo -
Japanese exports in June rose 27.7 percent from a year before, but the pace of
growth has narrowed for the fourth straight month, Finance Ministry data showed
Monday, suggesting that the recent recovery in the export-oriented economy has
lost its momentum.
Exports totaled 5,866.0 billion yen in the month, increasing for the seventh
straight month, while imports climbed 26.1 percent, the sixth consecutive
monthly growth, to 5,179.04 billion yen, according to the ministry's
preliminary report.
For the January-June first half of 2010, the ministry also said exports came to
33,096.81 billion yen, up 37.9 percent from a year earlier, rising for the
first time in four half-year periods.
The trade balance in June came to a surplus of 686.96 billion yen, up 41.1
percent year on year, logging the 15th consecutive month of surplus.
Although Japan's exports continued to grow, a ministry official warned that the
pace of expansion could be slowing down, citing the month's seasonally adjusted
data in value terms, which declined for the second straight month.
Yoshiki Shinke, senior economist at the Dai-ichi Life Research Institute, said
the narrowing growth reflects a slowdown in the economy in the rest of Asia,
which is Japan's largest export destination.
In June, exports to Asia, which account for about 60 percent of Japan's overall
exports, rose 31.7 percent to 3,301.32 billion yen, but the growth pace has
slowed for five straight months.
Exports to China also posted an increase of 22.0 percent, but the pace of
expansion narrowed also for five consecutive months, although the value remains
at a high level of 1,101.52 billion yen.
Japan's trade balance with the fast-growing country came to a deficit of 45.93
billion yen.
In China, ''effects of the governments' stimulus steps began to fade, driving
down Japan's exports to the country,'' Shinke said.
Stimulus effects will further weaken later this year not only in China but also
in the United States, affecting Japan's economy as well, he said.
Exports to the United States gained 21.1 percent to 914.48 billion yen, while
exports to Europe grew 9.0 percent to 611.22 billion yen.
In the January-June period, the overall trade surplus totaled 3,400.88 billion
yen, rising for the second consecutive half-year period.
In trade with Asia, the surplus hit a record 5,217.64 billion yen, up 179.8
percent from the same period a year earlier, with exports to the region also
climbing 46.4 percent, the fastest pace on record.
Japan's deficit with China in the six-month period amounted to 140.73 billion
yen, the smallest since the first half of 1993 and down 84.5 percent year on
year.
Exports to the United States surged 29.0 percent to 4,960.81 billion yen,
bringing Japan's trade surplus with the country to 1,965.11 billion yen, up
75.8 percent.
Exports to Europe rose 17.2 percent to 3,714.79 billion yen.
The figures are measured on a customs-cleared basis before adjustments for
seasonal factors.
==Kyodo
Japanese exports in June rose 27.7 percent from a year before, but the pace of
growth has narrowed for the fourth straight month, Finance Ministry data showed
Monday, suggesting that the recent recovery in the export-oriented economy has
lost its momentum.
Exports totaled 5,866.0 billion yen in the month, increasing for the seventh
straight month, while imports climbed 26.1 percent, the sixth consecutive
monthly growth, to 5,179.04 billion yen, according to the ministry's
preliminary report.
For the January-June first half of 2010, the ministry also said exports came to
33,096.81 billion yen, up 37.9 percent from a year earlier, rising for the
first time in four half-year periods.
The trade balance in June came to a surplus of 686.96 billion yen, up 41.1
percent year on year, logging the 15th consecutive month of surplus.
Although Japan's exports continued to grow, a ministry official warned that the
pace of expansion could be slowing down, citing the month's seasonally adjusted
data in value terms, which declined for the second straight month.
Yoshiki Shinke, senior economist at the Dai-ichi Life Research Institute, said
the narrowing growth reflects a slowdown in the economy in the rest of Asia,
which is Japan's largest export destination.
In June, exports to Asia, which account for about 60 percent of Japan's overall
exports, rose 31.7 percent to 3,301.32 billion yen, but the growth pace has
slowed for five straight months.
Exports to China also posted an increase of 22.0 percent, but the pace of
expansion narrowed also for five consecutive months, although the value remains
at a high level of 1,101.52 billion yen.
Japan's trade balance with the fast-growing country came to a deficit of 45.93
billion yen.
In China, ''effects of the governments' stimulus steps began to fade, driving
down Japan's exports to the country,'' Shinke said.
Stimulus effects will further weaken later this year not only in China but also
in the United States, affecting Japan's economy as well, he said.
Exports to the United States gained 21.1 percent to 914.48 billion yen, while
exports to Europe grew 9.0 percent to 611.22 billion yen.
In the January-June period, the overall trade surplus totaled 3,400.88 billion
yen, rising for the second consecutive half-year period.
In trade with Asia, the surplus hit a record 5,217.64 billion yen, up 179.8
percent from the same period a year earlier, with exports to the region also
climbing 46.4 percent, the fastest pace on record.
Japan's deficit with China in the six-month period amounted to 140.73 billion
yen, the smallest since the first half of 1993 and down 84.5 percent year on
year.
Exports to the United States surged 29.0 percent to 4,960.81 billion yen,
bringing Japan's trade surplus with the country to 1,965.11 billion yen, up
75.8 percent.
Exports to Europe rose 17.2 percent to 3,714.79 billion yen.
The figures are measured on a customs-cleared basis before adjustments for
seasonal factors.
==Kyodo
