Daily Management Review

Japanese Export Fell to a Negative Record


02/18/2016


The volume of Japan's exports fell sharply in January, as the country's economy found itself in a very difficult position amid the global financial crisis and falling demand in China and other major markets.



Grantuking
Grantuking
According to Japan's Ministry of Finance, exports fell by 12.9% year on year last month, compared with an average market estimate of reduction of 11.3%. Such a sharp decline was recorded immediately after prolonged reduction (4 months in a row) of deliveries of steel and petroleum products in the world.

It was the biggest decline since October 2009, when the global financial crisis has affected the reduction in global demand.

According to the latest data from Japan, the country’s government have several options of how to revive the ailing economy, even if the Bank of Japan continue its policy of shock.

"Exports fell against in the face of the situation on the steel and oil markets. In addition, exporters have refused shipments before the Chinese New Year holidays." - said a representative of the Ministry.

The economic slowdown in China, the largest trading partner of Japan, had a negative impact not only on the economy but also on the world markets, causing damage to commodity exporters.

In January, Japan's exports to China fell by 17.5% year on year. It was the sixth month of decline caused by reduction in the supply of liquid crystal displays.

The third-largest economy shrank by 1.4% in annual terms in the period from October to December. While analysts expect a return to moderate growth in the current quarter, weak exports and lower consumer spending only complicate the work of the authorities trying to get the economy back on track.

Japan is not alone with its woes. The economic downturn began in China echoed in the regional trade-dependent economies such as South Korea, Taiwan and Singapore.

In January, deliveries to Asia, which account for more than half of Japan's total exports, fell by 17.8%, which was the fifth month of annual declines.

Annual exports to the US fell by 5.3% in January, mainly in regard to the supply of steel and auto parts. Shipments to the EU fell by 3.6%. Annual imports decreased by 18.0% in January, compared with an average forecast decline of 16.0%.

source: bloomberg.com






Science & Technology

How China became a pioneer of the solar industry

CNBC: Intel leaves the wearable gadgets market

Oculus Rift falls in price…again

Ukraine Police Official Says Likely Cover For Malware Installation Was Global Cyber Attack: Reuters

Researchers See 'Wannacry' Link As Another Cyber Attack Sweeps Globe

AEON and IBM to create a blockchain platform

Toyota & Cartivator Are Building Flying Cars To Light Up The Olympic Flame Of 2020

Stock trading computers are not a future anymore

Temper Technology With Humanity - Apple's Cook Tells MIT Graduates

As Spying And Crime Tools Mix, Blame Game For Cyber Attacks Grows Murkier

World Politics

World & Politics

CNN: Rex Tillerson may leave the post of US Secretary of State

Its South China Sea Territory Being Protected By Indonesia From 'Foreign' Threats

A Swarm-Like Attack From North Korea Could ‘Overwhelm’ South Korea's THAAD Missile Shield

Powerty in Italy tripled in 10 years

Hackers steal a businessman's reputation in Sweden

PWM reveals best citizenship-by-investment programs

Austria gathers troops to shelter itself against refugees

In Thirty Years Human Beings Will Work Only 'Four Hour A Day', Predicts Jack Ma