japans exports jump in march
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Japan's exports jump in March

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleJapan's exports jump in March

A strong rise in exports in March backs up the view that Japan's economic growth is picking up steam
Tokyo - AFP

Japanese exports recorded their biggest gain in more than two years in March, official data showed Thursday, in a sign of optimism for the world's third-biggest economy.

The strong result, which came in better than expected, backs up the view that Japan's economic growth is picking up steam.

The International Monetary Fund (IMF) on Tuesday boosted its economic forecast for Japan, projecting a 1.2 percent annual expansion this year from a January projection of 0.8 percent. A key Bank of Japan business confidence also points to rising optimism among big manufacturers.

Prime Minister Shinzo Abe has been trying for years to rejuvenate growth and end an extended period of on-and-off deflation through a policy blitz of easy money, stimulus and reform.

Exports expanded 12.0 percent in March to 7.2 trillion yen ($66.12 billion), the strongest expansion since January 2015 and the fourth straight monthly gain, according to the Finance Ministry.

"Japan’s production and exports are rising on the back of a global rebound in manufacturing," said Masaki Kuwahara, senior economist at Nomura Securities Co.

"In Asia, developing nations are doing well cyclically and that’s directly helping Japan's exports."

Export gains were led by strong demand for auto parts and optical instruments, such as mobile phone parts and tools to make semiconductors, the ministry said.

The data comfortably beat the market's expectation for a rise of 6.2 percent.

Imports also rose 15.8 percent to 6.6 trillion yen, more than expected, mainly due to rising oil and coal purchases needed to fire the Japanese economy.

Japan has been less reliant on nuclear power since the March 2011 earthquake, tsunami and nuclear meltdown crisis that led to many of its atomic reactors shutting down over safety fears.

The latest figures put Japan's trade balance at 614.7 billion yen, down 17.5 percent from a year ago.

"The upshot is that net trade should have provided another boost to Q1 GDP growth," said Marcel Thieliant, senior Japan economist at Capital Economics.

Japan announces preliminary gross domestic product figures next month.

By regions, Japanese exports to top trade partner China rose 16.4 percent, while imports from the Asian giant expanded 10.3 percent.

Japan's exports to the United States expanded 3.5 percent, led by auto parts, but all-important vehicle shipments dropped 3.8 percent, the ministry said, as US new auto sales begin to show signs of losing steam.

 source: AFP

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

japans exports jump in march japans exports jump in march

 



Themuslimchronicle, themuslimchronicle

GMT 08:26 2018 Tuesday ,23 January

Five things to know about Davos

GMT 21:30 2017 Wednesday ,01 November

New York Times’ third-quarter revenue up 6.1%

GMT 11:09 2017 Friday ,24 November

Berlin police seeking more missing John Lennon items

GMT 06:34 2017 Saturday ,09 December

Rockets down Jazz for eighth straight NBA win

GMT 23:25 2017 Thursday ,16 February

Pakistan adds 16 new fighter jets to its fleet

GMT 10:50 2018 Tuesday ,23 January

Saudi university to open driving school for women

GMT 03:31 2017 Saturday ,07 January

Sharjah launches award for refugee support

GMT 21:54 2016 Wednesday ,01 June

December 21 - January 18

GMT 16:05 2017 Monday ,24 April

Sharapova's return divides rivals

GMT 13:50 2012 Sunday ,22 January

Egyptians can now remove any regime

GMT 07:26 2017 Sunday ,23 July

70 villagers kidnapped in Afghanistan
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle