Subscribe free to our newsletters via your
. Earth Science News .

Subscribe free to our newsletters via your

Japan's exports jump in March
by Staff Writers
Tokyo (AFP) April 20, 2017

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.

-- Bloomberg News contributed to this report --

Trump seeks headway on 'Buy American, Hire American' pledge
Kenosha, United States (AFP) April 18, 2017
President Donald Trump moved Tuesday to make good on his emblematic pledge to "Buy American, Hire American" by tightening skilled-worker visa rules, but his room for maneuver remains limited without wider congressional reform. Speaking in Kenosha, Wisconsin - one of the states that carried him to his upset victory last November - Trump vowed: "We're going to do everything in our power to m ... read more

Related Links
Global Trade News

Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once

credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly

paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Haiti to rebuild National Palace toppled in 2010 quake

Smoking to kill 200 million in China this century: WHO

At least 97 migrants missing as boat sinks off Libya

Evaluating forecasts of extreme events

Tweaking a molecule's structure can send it down a different path to crystallization

Apple touts greater use of recycled metal in gadgets

Lasers measure jet disintegration

Computers create recipe for two new magnetic materials

Croatian rivers face hydroelectric peril

General Atomics providing battery for semi-autonomous underwater vehicle

Migration from sea-level rise could reshape cities inland

India likely to receive normal monsoon rains this year

Russia reveals virtual tour of new Arctic military base

Researchers ask public to help them count Weddell seals

Glacier shape influences susceptibility to melting

Polar glaciers may be home to previously undiscovered carbon cycle

Organic cover crop methods examined for weed control

Termite gut holds a secret to breaking down plant biomass

Can Prosecco help Italy unlock China wine market?

Ag scientists using electronics to control plant growth

At least 16 killed in Colombia floods: government

Lessons from Parkfield help predict continued fault movements after earthquakes

Death toll at 113 in Peru floods, mudslides; while 6.2 quake rumbles

Antarctic penguin colony repeatedly decimated by volcanic eruptions

DR Congo suspends military cooperation with Belgium

'A few dozen' US troops deployed to Somalia: Pentagon

Four dead in army, police clashes in Nigeria: source

Three killed in Mogadishu army camp attack: military

Putting social science modeling through its paces

Science says: Let a stranger pick your profile picture

Study reveals 10,000 years of genetic continuity in northwest North America

Married couples with shared ancestry tend to have similar genes

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement