26 July 2016
AsiaNews.it Twitter AsiaNews.it Facebook
Geographic areas




  • > Africa
  • > Central Asia
  • > Europe
  • > Middle East
  • > Nord America
  • > North Asia
  • > South Asia
  • > South East Asia
  • > South West Asia
  • > Sud America
  • > East Asia
  •    - China
  •    - Hong Kong
  •    - Japan
  •    - Macau
  •    - North Korea
  •    - South Korea
  •    - Taiwan

  • mediazioni e arbitrati, risoluzione alternativa delle controversie e servizi di mediazione e arbitrato


    » 08/22/2012, 00.00

    JAPAN

    Euro crisis (and China) sinking Japanese exports



    Trade with the EU fell by 25.1% in one year, 11, 9% with China. U.S. exports rose only 4.7%. Low domestic demand in the country, due to the slow post-tsunami reconstruction.

    Tokyo (AsiaNews / Agencies) - Japan's exports fell dramatically in July, hit by the crisis in Europe and the slowdown of the Chinese and the U.S. economy.

    In one year, the Land of the Rising Sun exports fell 8.1%. Those to the European Union fell by 25.1%, marking the strongest decrease since 2009, following the subprime mortgage crisis in the U.S., trade was down by 29%.

    Exports to China - Japan's largest trading partner - fell by 11.9% in a year, marked mainly by the reduction in the trade of semiconductors, electronics and auto parts.

    Another troubling sign is that exports to the U.S. rose only 4.7% compared to a year ago.

    The reduction in international demand is coupled with the problem of a sluggish domestic demand in a country still scarred by the aftermath of the tsunami and the slow reconstruction process.

    The Japanese Ministry of Finance has announced that Japan's trade deficit rose to 517.4 billion yen (5.23 billion euros).

     

    e-mail this to a friend Printable version










    See also

    10/03/2011 CHINA
    China posts trade deficit
    Beijing has reported a US$ 7.3 billion trade deficit as exports slow down and imports grow substantially. This will have an impact on the dispute over the yuan. However, domestic demand is not growing fast enough to sustain China’s present rate of economic growth.

    28/04/2009 JAPAN - CHINA
    Japanese prime minister flies to China tomorrow, to discuss economy, swine flu
    Talks are also scheduled to cover the North Korean nuclear issue, but especially the search for joint measures against the economic crisis. Beijing has decided to "overlook" Taro Aso's visit in recent days to the Yasukuni temple, where some of the dead commemorated are war criminals.

    12/01/2006 CHINA
    2005 record year for China trade

    The trade surplus tripled, reaching more than 100 billion US dollars. The data, released yesterday, will fuel calls for a revaluation of the yuan. But government economic bodies exclude this option to maintain high economic growth.



    29/01/2010 CHINA
    Beijing to increase domestic demand, reduce overreliance on exports
    Chinese Vince Premier Li explains in Davos China’s new development goals. However, China is still protectionist vis-à-vis foreign goods. Chinese banks lend a trillion yuan in 20 days. An asset bubble is a real possibility.

    03/01/2007 CHINA
    Meagre profits for luxury brands
    The big western names, drawn by the economic boom and potential huge markets, are selling far less than predicted. Luxury cars are an exception.



    Editor's choices

    ASIA – WYD
    Card Gracias: young Asians bring Asian values to World Youth Day in Krakow

    Nirmala Carvalho

    "Our Asian pilgrims not only bring the grandeur, the vitality and beauty of Asia, but also the multi-cultural diversity, pluralism as well as Asian values of hospitality and family and, of course, the Church of the young.” Asia youth come to discover Krakow and the charisma of John Paul II, founder of the WYD.


    SYRIA
    Horror in Aleppo: "moderate" rebel group beheads Palestinian child



    The Nour al-Din al-Zenki movement beheads 11-year old Abdallah Issa shouting "Allah Akbar". The child was executed for collaborating with government forces. Before he died he was tortured. The group’s leaders try to back away from the barbaric killing. The group is supported by Turkey, the US, Qatar and Saudi Arabia.


    AsiaNews IS ALSO A MONTHLY!

    AsiaNews monthly magazine (in Italian) is free.
     

    SUBSCRIBE NOW

    News feed

    Canale RSScanale RSS 

    Add to Google









     

    IRAN 2016 Banner

    2003 © All rights reserved - AsiaNews C.F. e P.Iva: 00889190153 - GLACOM®