TOKYO – Exports to Japan have increased
Double-digit gains for the third month in a row in April, however
Rising global commodity consumption inflates the country’s imports
A record bill, adding to concerns about rising costs
To minimize the possibility of recovery led by a personal need,
However, there was a measure of capital expenditure that he posted
First monthly gain in three months.
Mixed data on Thursday followed the fall of the yen
The two-decade low against the dollar earlier this month,
Which added to the risk of a worsening trade situation
As a financial burden for the resource-poor Japanese economy
Import costs increase.
A weak yen, once considered a boon for export-led
In economics, the impact is less now because shipments are smaller
For the ongoing relocation of Japanese manufacturers offshore
Japan’s exports rose 12.5% in April from a year earlier
The Treasury Department data showed that the US-led shipments led
Cars, slightly missing a 13.8% growth is expected by economists
According to a Reuters poll. It followed a 14.7% increase in March.
At an alarming sign for the outlook, China-bound shipments
April fell 5.9%, the biggest drop since March 2020, as heavy
COVID-19 control has been disrupted in big cities like Shanghai
Supply-chain and crippled economic activity. Imported from
China – Japan’s largest trading partner – also fell the most
From September 2020, the data shows.
“Imports have gained due to rising crude oil prices and weakness
Yen means transfer of national resources to oil producing countries,
Depriving Japan of purchasing power, “said Takeshi Minami, chief
Narinchukin Research Institute economist.
“For example, Japan’s economic recovery depends on the coronavirus
Development in countries like Shanghai Lockdown and China
Supply-side and consumer activity have been disrupted. ”
Imports have risen 28.2% since April, averaging
A 35.0% growth estimate, since the weak yen has already lifted
Global commodity prices are rising. Import record 8.9 hits
Trillion yen ($ 69.27 billion), topping exports worth 8 8 trillion
This has resulted in a trade deficit of 839.2 billion yen.
Narrow than the average estimate of 1.150 trillion yen
Deficit but posted in the ninth month drawn in red.
Analysts have warned of the risk of prolonged cost-cutting
Inflation in a fragile economy with external factors, no
Domestic demand, pushing high import bills.
“If the zero-covid principles are extended, it will remain one
Really tough effect, ”said Taro Saito, executive research fellow
At the NLI Research Institute, China-bound invoices are added
More than one-fifth of Japan’s exports.
Separate data on Thursday showed Japan’s core equipment
Orders in March rose 7.1% from a month earlier, in contrast to a 3.7% increase
Growth expected by economists in a Reuters poll.
Volume data series, regarded as a leading gauge
Over the next six to nine months the capital expenditure, a given
A glimmer of hope for recovery led by internal demand.
Japan’s economy contracted in the first quarter due to Kovid-19
Prohibitions hurt the service sector and rising commodity prices
Has created new pressures.
($ 1 = 128.4800 yen)
(Reporting by Tetsushi Kazimoto and Daniel Lewinsk; Editing by