Forum Views ()
Forum Replies ()
Read more with google mobile :
Japan logs trade surplus, boosted by China growth
Yahoo!
My Yahoo!
Mail
More Yahoo! Services
Account Options
New User? Sign Up
Sign In
Help
Yahoo! Search
web search
Home
Singapore
Asia Pacific
World
Business
Entertainment
Sports
Technology
Japan logs trade surplus, boosted by China growth
AFP - Tuesday, December 22
Send
IM Story
Print
Longshoremen unload containers from a ship at a port in Tokyo. Japan logged a trade surplus for a 10th straight month in November as exports fell at the slowest pace in more than a year, supported by recovering demand from Asia, government data showed Monday.
TOKYO (AFP) - – Japan's exports fell at the slowest pace in more than a year in November as the world's second-largest economy benefited from a recovery in Asian powerhouse China, data showed Monday.
Japan logged a trade surplus for a 10th straight month, soothing fears that its economic recovery from the worst recession in decades is running out of steam due to a stronger yen and renewed deflation.
Exports slipped 6.2 percent in November from a year earlier -- the smallest decline in 14 months -- ending a string of double-digit falls. Imports dropped 16.8 percent, the finance ministry reported.
Japan posted a bigger-than-expected 373.93 billion yen (4.1 billion dollars) surplus for the month, against a year-earlier deficit of 227.51 billion yen.
Japan's economy is slowly coming out of the worst downturn since World War II on the back of recovering demand in overseas markets, although a stronger yen is eating into exporters' profits.
Japan's exports roughly halved at the height of the economic crisis earlier this year as consumers, particularly in the United States and Europe, stopped buying cars and big-ticket items such as televisions.
Efforts by world governments to spend their way out of recession have helped to breathe new life into Japan's factories and ports, although the country's industrial production is still more than one-fifth lower than a year ago.
"Exports are steadily recovering," said Hideyuki Araki, an economist at the Resona Research Institute. "Production activity is also expected to gradually recover."
The main driver of the recovery in exports is buoyant demand from the rest of Asia. Exports to the region increased 4.7 percent in November -- the first rise in 14 months -- with shipments to China up 7.8 percent.
"Japan's exports are benefiting as the expanding Chinese economy shores up demand in the Asian region," Monex Securities chief economist Naoki Murakami noted.
The surplus with the United States grew 10.6 percent, the first rise in 27 months, thanks to higher exports of automobiles and heavy machinery.
Japan's economy remains as dependent as ever on exports to drive its growth, with an ageing population curbing consumer spending.
"There is not yet sufficient momentum to support a self-sustaining recovery in domestic private demand," the central bank said in a monthly report released Monday.
"Japan's economic conditions are likely to continue improving, although the pace of improvement is likely to remain moderate for the time being," it added.
Japan's economy returned to growth in this year's second quarter after a severe year-long recession.
But fears have deepened that the recovery could fizzle out, after the government reported earlier this month that Asia's biggest economy grew at a much slower rate than previously thought in the third quarter.
Japan's government announced this month a fresh stimulus package and the central bank decided to pump 10 trillion yen into the financial system to tackle deflation and prevent a return to recession.
"We should be fully alert to a (possible) double-dip in the economy," said Araki at the Resona Research Institute.
"The yen is likely to stay strong for a while, squeezing profits at export companies," he said. "Weak profits could hurt employment and capital spending."
The dollar hit a 14-year trough below 85 yen in late November, but has since recovered somewhat to around the 90-yen level.
Falling consumer prices are also a major worry for Japanese policymakers.
The Bank of Japan said Friday that it was "a critical challenge" for Japan's economy to break out of deflation, setting the stage for likely further action to battle falling prices.
Recommend
Send
IM Story
Print
News Search
Top Stories
Swedish crisis talks on Saab amid doubts over Spyker bid
Missing Dutch teen sailor found in Caribbean
Japan logs trade surplus, boosted by China growth
US actress Brittany Murphy dies at 32
Thousands warned to flee Philippine volcano zone
More Top Stories »
Most Popular
Most Viewed
Most Recommended
Dwindling roster of sponsors for Tiger Woods
US actress Brittany Murphy dies at 32
Christmas chaos as cold cripples Eurostar trains
'Avatar' director Cameron gets Hollywood star
Wall Street hesitates in face of new economic realities
More Most Viewed »
Tiger's wife Elin seeking divorce: reports
Virgin unveils spaceship to offer space tourism
Brazilian confesses to sticking needles into two-year-old
Tiger Woods' girlfriend apologizes in TV interview
Woods' mother-in-law rushed to hospital
More Most Recommended »
Elsewhere on Yahoo!
Financial news on Yahoo! Finance
Stars and latest movies
Best travel destinations
More on Yahoo! News
Home
Singapore
Asia Pacific
World
Business
Entertainment
Sports
Technology
Subscribe to our news feeds
Top StoriesMy Yahoo!RSS
» More news feeds | What are news feeds?
Also on Yahoo
Answers
Groups
Mail
Messenger
Mobile
Travel
Finance
Movies
Sports
Games
» All Yahoo! Services
Site Highlights
Singapore
Full Coverage
Most Popular
Asia Entertainment
Photos
Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved.
Terms of Service |
Privacy Policy |
Community |
Intellectual Property Rights Policy |
Help
Other News on Monday, 21 December 2009 Top Iran dissident cleric Montazeri dies at 87
Thousands hit in second day of Eurostar standstill
Sudan passes security bill despite protests
Cold snap causes holiday travel chaos in Europe
Yemen rebels say Saudi air raids kill 54
|
Iraq PM in Cairo to improve ties with Egypt
London Stock Exchange set to take over rival: reports
Dutch sports carmaker Spyker makes new bid for Saab
Suspected Turkish coup plotter kills self
Hariri sees new page in Lebanon ties with Syria
Colombia says faces external military threat
|
Mourners heap flowers by Mexican drug lord's coffin
|
UNDP calls on wealthy Arab states to help neighbors
|
Madagascar leader names colonel as prime minister
|
White House backs healthcare deal, sees victory
Despite aid, hunger still stalks Afghan children
Obama plan could limit records hidden from public
Karzai defends Cabinet picks
INSIDE WASHINGTON: An anti-whistleblower culture
Analysis: Hard reality as US pushes Pakistan
No praise sung for holly, ivy in Northwest forests
Astronauts geared for yuletide space adventure
US sends 12 Gitmo detainees to their home nations
China to try prominent dissident on Wednesday -l awyer
Storm crawls into New England, leaving mess behind
Airlines across East Coast dig out from big storm
White House urges compromise on health care reform
US decries Cambodia's deportation of Uighurs
Hyundai Motor announces China truck venture
Actress Brittany Murphy dead: report
|
Avatar earns $73 million in box office
|
Friend: Polanski finishing film under house arrest
US-ENTERTAINMENT Summary
`Avatar' blasts off with $232.2 million worldwide
Iran to punish unauthorised filmmakers: report
Some Iranians arrested on way to funeral
Christmas chaos as cold cripples Eurostar trains
China praises Cambodia as Uighurs deported
|
Russian railways enter modern age with new express
Iran's Mousavi in Qom for cleric's funeral
Google gets digital foothold in France
Thousands warned to flee Philippine volcano zone
Large turnout for Iran cleric's funeral: website
|
Sinn Fein chief Adams says father was child sex abuser
Polish police recover Auschwitz sign
|
BBC says Persian service being jammed
Missing Dutch sailor girl found on St. Martin
|
US actress Brittany Murphy dies at 32: police
Cold snap strands thousands of European travellers
Iran's opposition to mourn dissident cleric
Egypt's Muslim Brotherhood faces election rift
|
China gets Myanmar assurances on pipeline, border
|
Parents of captured Israeli soldier plead for his release
Chavez launches national police in violent Venezuela
|
Thousands head for Iran dissident cleric's funeral
Italy uses all channels to free Mauritania hostages
|
Iraq scores in oil well standoff, investment
Mexican drug lord buried quietly in family crypt
|
1 dead, 5 hurt in Coast Guard boat collision in CA
Ex-conjoined twins leave hospital on birthday eve
Health bill money for hospital sought by Dodd
US sent American to help Cuba's opposition: Castro
North Korea declares disputed waters 'firing zone'
21 militants killed in Afghan operations
White House presses for health care reform deal
Philippine volcano gets louder, could blow up soon
Protests greet top China negotiator on Taiwan visit
India-flagged cargo ship adrift in North Pacific
Thousands warned to flee Philippine volcano zone
Chavez: US spy plane violated Venezuela's airspace
Castro: Obama seeking to topple Cuban communism
Chinese envoy arrives in Taiwan for trade talks
Leading China dissident to be tried Wednesday
US sends home 12 Guantanamo detainees
AP Interview: US dad pins hopes on Brazil judge
Suu Kyi lawyers to appeal sentence
Escalator fire closes NYC's flagship Macy's store
China praises Cambodia as Uighurs deported
Seoul shares slip 0.2 pct after volatile trade
China sovereign fund to get fresh cash injection
Japan's exports fall at slowest pace in 14 months
Turkish cinema shrugs off cliches over Kurdish issue
Stiglitz warns US economy may contract next year
LG Display claims world's thinnest TV panel
BRIEF-Moody's: Korean banking system profile has been improving
NZ farmer confidence logs first gain in year-survey
Clueless star Brittany Murphy dead at 32
|
New movie trailers could boost Oscar ratings
|
PAKISTAN
S.Korea sees around $3.5 bln trade surplus in Dec
Seoul shares slip weighed by banks;techs rise
Valentino documentary kept afloat by credit cards
|
Rockers Def Leppard developing cartoon series
|
"Clueless" star Brittany Murphy dead at 32
Knightley picks unrewarding play for London debut
|
Papers on British palaces' upkeep could be released
Alvin and the Chipmunks sequel hits flat note
|
Natalie White wins 'Survivor,' collects $1M prize
"Alvin and the Chipmunks" sequel hits flat note
Turkish cinema shrugs off cliches over Kurdish issue
Knightley picks unrewarding play for London debut
Cuba boogies to Kool & the Gang
Valentino documentary kept afloat by credit cards
Jeff Daniels speaks at Univ. of Mich. graduation
Israel close to deciding on prisoner swap
Winter transport chaos grows in Europe
Protests mark funeral of dissident Iranian cleric
|
Missing Dutch teen sailor found in Caribbean
Japan logs trade surplus, boosted by China growth
Demjanjuk unmoved as Holocaust survivors testify
|
Clashes after Montazeri funeral in Iran
Afghan troops kill Taliban attackers, official says
|
Suicide attack kills local leader in northern Iraq
Netanyahu holds marathon talks on Israel-Hamas swap
|
Suicide attack kills local leader in northern Iraq
|
Eurostar halts trains, angry France demands answers
|
Sri Lanka says U.N. wants explanation on Tiger deaths
|
Bus carrying Syrians attacked in Lebanon, one dies
Pope visit to Rome synagogue under cloud
|
Forgotten Stalin victims despair in Kazakh steppe
|
China boosts Cambodia aid after Uighurs deported
Time running out for orangutans: conservationists
Tribunal charges Khmer Rouge "First Lady" with genocide
Barnes & Noble compensates buyers for late Nook
|
Philippine volcano gets louder, could erupt soon
Last Khmer Rouge defendant charged with genocide
Britain blames China over 'farcical' climate talks
President Obama meets with efficiency award winner
U.S. Repatriates 12 Guantanamo Detainees
The nation's weather
Sri Lankan navy seizes rebel arms smuggling ship
One Killed In Collision Between Coast Guard And Recreational Boat In San Diego
FL Governor To Return Money From Ponzi Scheme Bilker
Myanmar's court to review Suu Kyi house arrest
Federal Offices Closed In D.C. Due To Snow
Even after death, Roberts' hand to be felt at ORU
During Midnight Session, Senate Healthcare Bill Passes First Floor Vote
Senate Dems clear hurdle on health care
Mumps Outbreak Reported Among New York Jewish Community
FL Man Accused Of Smothering 83-Year-Old Father To Death With A Pillow
Airport Worker Falls 40 Feet To His Death
Record-breaking storm closes US federal government
Update: Snow Storm Continues To Cause Airport Delays
Who wins, who loses in Senate health bill
Snow Storm A Record Setter In Philly
Iraq initials oil deal with Petronas-Japex group
Pakistani o/n rates ease; rupee firms; stocks up
French firm to sign major deal to equip Chinese jet
Minister: China aims for 2010 GDP growth of 8 pct
Japan's ANA buying 10 Boeing planes
Hundreds gather for rebel's funeral in Papua
China banks need more capital in 2010: report
Japan's exports post slowest decline in 14 months
Jackson's death voted top 2009 entertainment story
Japan's Mizuho, Malaysia's Maybank in business tie-up
New movie trailers could boost Oscar ratings
Avatar leads box office, despite blizzard
|
Police Officers Draw Guns At DC Snowball Fight
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights