29 July, 2015 AsiaNews.it Twitter AsiaNews.it Facebook            

Help AsiaNews | About us | P.I.M.E. | | RssNewsletter | Mobile






mediazioni e arbitrati, risoluzione alternativa delle controversie e servizi di mediazione e arbitrato
e-mail this to a friend printable version


» 07/21/2011
JAPAN
Japan recovers, posts a trade surplus
Since the 11 March disaster, trade figures were negative. Recovery is made possible by a more efficient organisation of production; however, power shortages, the world’s economic crisis and a stronger yen loom over the horizon.

Tokyo (AsiaNews/Agencies) – Japan posted a trade surplus of Y70.7 billion (US$894.4 million) in June, the first since the earthquake-cum-tsunami of 11 March, the Finance Ministry said. Experts had forecast a deficit of Y150 billion.

The overall trend however remains negative. Despite a 5.4 per cent rise in exports in June over May, export still declined by 1.6 per cent over a year before. In the previous two months, the drop had been double-digit. Meanwhile, imports rose by 9.8 per cent, less than May’s 12.3 per cent rise.

Companies so far appear to be coping with power restrictions during peak times by shifting some production to weekends, as the crisis continues at the Fukushima Daiichi plant whilst other nuclear facilities remain off-line following regular checks amid a lack of political clarity over restarting them.

Power shortages are expected to continue, particularly in the peak summer month of August.

A government decree took effect on 1 July forcing big companies in the Tokyo and Tohoku northern region to reduce peak power usage by 15 per cent to avoid blackouts, the first such restrictions on power use since the 1974 oil crisis.

The auto industry appears to be leading the recovery, following months of great losses.

Exports could continue to recover in July and August, but after that, things could be difficult if the economies of big importers of Japanese products like the United States and China slow down and the crisis of the euro zone persists.

In addition, the yen continues to strengthen to pre-disaster levels, which makes Japanese goods more expensive overseas and imports more attractive.

e-mail this to a friend printable version

See also
04/23/2010 JAPAN
Japan’s economy recovering
05/21/2009 JAPAN
Record drop in Japanese economy in the first quarter: - 4%
01/24/2012 JAPAN
Tokyo increases tax burden, but with (perhaps) no result
09/07/2009 CHINA
China’s economic recovery uncertain a year into the global crisis
05/27/2009 JAPAN
Japanese exports start to improve, partly because of greater sales to Chin

Editor's choices
ISRAEL - IRAN
After nuclear deal, Israel ought to become Iran’s best ally
by Uri AvneryThis is the thesis of Uri Avnery, leader of Gush Shalom, a major supporter of peace between Israelis and Palestinians. According to the great statesman and peace activist, Iran only wants to be a regional power in the Islamic world, able to trade with everyone, inspired by a sophisticated experience that goes back thousands of years. Iran, which faces backward-looking Gulf monarchies and emirates, could be a great ally against Daesh. Meanwhile in Israel Netanyahu, politicians and the media continue to blunder.
ASIA
PIME in China: new men in new facilities
by Piero GheddoThe mission in China is possible. It should focus more on educational facilities. Old and new martyrs offer a role model. Here is a commented review of a letter the PIME superior general sent out to his confreres after a trip to China.
EUROPE – ISLAM
For Nîmes imam, the Islamic State group kills Christians, but also threatens Islam in Europe
by Hocine Drouiche*Political Islam is becoming a "thuggish Islam," one that values ​​lying, hate, and enmity. Christians and the West are its enemies. However, Islam has had periods in which dialogue, reason, encounter, assimilation were held in high esteem. The belligerent Islam that fascinates so many young people is the result of myths and manipulations and causes Islamophobia. It is time to create and develop Europe’s own Islam, one that guarantees freedom of conscience and coexistence with Christians and Jews. Solving the Palestinian problem requires dialogue.

Dossier

Copyright © 2003 AsiaNews C.F. 00889190153 All rights reserved. Content on this site is made available for personal, non-commercial use only. You may not reproduce, republish, sell or otherwise distribute the content or any modified or altered versions of it without the express written permission of the editor. Photos on AsiaNews.it are largely taken from the internet and thus considered to be in the public domain. Anyone contrary to their publication need only contact the editorial office which will immediately proceed to remove the photos.