>

Japan: Exports Surge, Trade Deficit Remains

June 19th, 2013
in econ_news, syndication

breakingnews130pxEconintersect:  Japan reported that exports increased to ¥5.77 trillion ($60.5 billion) in May 2013, up 10.1% compared to May 2012.  This was the biggest gain  in more than three years.  The increase was virtually all due to a weaker yen - export volumes actually decreased by 4.8%.  This was the 12th consecutive month with declining export volume.  Imports also increased in May resulting in a trade deficit for the 11th straight month.

Follow up:

Japan has had a negative balance of trade for 19 of the last 24 months.

japan-balance-of-trade-2013-May-Trading-EconomicsClick on graph for larger image.

Japan continues to have a positive current account balance which adds net factor income from investments and any other transfer payments to the trade balance.

Japan-current-account-balance-2013-April-Trading-EconomicsClick on graph for larger image.

Asian stocks were generally higher Wednesday, boosted by the Japanese economic news which overcame some trepidation about what actions the Federal Reserve might announce in the U.S. later today.

Sources:









Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.













 navigate econintersect.com

Blogs

Analysis Blog
Econintersect Features
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Live Market Commentary
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
Live Market Conditions
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2015 Econintersect LLC - all rights reserved