Wait...
  1. Home >
  2. Export Import News >
  3. Export Benefits >
  4. Japan exports seen shrinking for 8th month in July, core inflation weak >
  5. Japan exports seen shrinking for 8th month in July, core inflation weak

Online Export Import Data Search

Complete Training Video : Click Here

Japan exports seen shrinking for 8th month in July, core inflation weak.


Date: 16-08-2019
Subject: Japan exports seen shrinking for 8th month in July, core inflation weak
Japan's exports likely fell for an eight straight month in July, a Reuters poll showed on August 16, as a protracted US-China trade war and weak global demand hurt shipments from the world's third-largest economy.

Adding to the growing challenge for policymakers, the nation's core consumer inflation is also expected to stay at 2-year lows for the month, weighed down by softer prices of energy-related items, the poll showed.

Exports in July were forecast to have shrunk 2.2% from a year earlier, which would extend a slump that began in December last year, but not as bad as a revised 6.6% decline in June.

Many export-reliant economies such as Japan have been hit hard by the Sino-US tariff row, which has already upended supply chains and undermined global trade, investment and corporate earnings.

"Weak external demand due to the global economic slowdown, notably China, and heating up of the US-China trade friction, pushed down exports," said Kenta Maruyama, economist at Mitsubishi UFJ Research and Consulting.

"International commodity markets such as oil prices have weakened, which also weighed on imports...but we expect a demand rush ahead of a planned sales tax hike in October will help boost imports."

The poll forecast that imports would slip 2.7% from a year earlier, meaning the trade balance will turn to a deficit of 200 billion yen ($1.88 billion) from a revised surplus of 589.6 billion yen in June.

The Finance Ministry will publish trade data at 8:50 a.m. local time on Aug. 19 (2350 GMT, Aug. 18).

The poll also found the core consumer price index, which includes oil products but excludes volatile fresh food costs, rose 0.6% in July from a year earlier, the same pace of growth in June.

The reading would be the weakest since July 2017 when the index climbed 0.5%.

The stubbornly low inflation and rising economic risks will keep the Bank of Japan under pressure to ease further. In July the BOJ held off on expanding stimulus but committed to doing so "without hesitation" if a global slowdown jeopardises the country's economic recovery.

"Growth in energy prices such as gasoline, electricity and city gas slowed down and mobile charges likely declined, which would make growth in core CPI modest," said Yusuke Shimoda, senior economist at Japan Research Institute.

The Internal Affairs Ministry will release data on consumer prices at 8:30 a.m. local time on Aug. 23 (2330 GMT on Aug. 22).

Japan's economy expanded for a third straight quarter in April-June thanks to robust domestic demand but weak external demand and a planned sales tax hike in October cloud the outlook

Source: moneycontrol.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 19-09-2019



Date: 17-09-2019
Notification No. 30/2019-Customs
Seeks to amend notification No. 50/2017-Customs dated 30.06.2017 to reduce basic customs duty on Open cell (15.6” and above) for use in the manufacture of Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TV panels and certain goods for use in the manufacture of Open cell of Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TV panels.

Date: 14-09-2019
NOTIFICATION No. 37/2019-Customs (ADD)
Seeks to impose the definitive anti-dumping duty on the imports of "Electrical Insulators" originating in, or/and exported from China PR.

Date: 14-09-2019
NOTIFICATION No. 36/2019-Customs (ADD)
Seeks to rescind notification No. 11/2015-Customs (ADD) dated 11th April, 2015.

Date: 13-09-2019
Notification No. 64/2019-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg

Date: 13-09-2019
Public Notice No. 33/2015-2020
Annexure I to Appendix 2A revised.

Date: 13-09-2019
PUBLIC NOTICE NO. 32/2015-2020
Enlistment under Appendix 2E of M/s Expo Overseas Entrepreneurs Association (EOEA) Indore Madhya Pradesh- Authorized to issue Certificate of Origin (Non-Preferential)- reg.

Date: 13-09-2019
Notification No. 65/ 2019-Customs (N.T.)
Amending Notification No. 12/97-CUSTOMS (N.T.), dated the 2nd April, 1997 so as to include Barhi, Distt Sonepat, Haryana

Date: 13-09-2019
Circular No. 31/2019-Customs
Revised Norms for Execution of Bank Guarantee under Advance Authorisation, DFIA and EPCG Schemes

Date: 12-09-2019
Notification No. 43/2019-Customs (N.T./CAA/DRI)
Appointment of CAA by DGRI -reg.



Exim Guru Copyright © 1999-2019 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001