Contact us

Company Name:
Lishui Huanqiu Bearing Trading Co., Ltd.

Company Address:
No.11 Shiting Road, Shuige Industrial Zone,Lishui, Zhejiang,China
Contact Person: William

Email: admin@tradebearings.com
Homepage: www.asiabearings.com
Bearing B2B: www.tradebearings.com

email

 

Home > News >

Japan's Feb trade deficit at $8.1B as exports lag

Japan's trade deficit of 77.75 billion yen ($81 billion), the automobile and auto parts in February's decline in exports, and is associated with energy imports rose by nearly 12%, despite a weaker yen. That is the eighth consecutive monthly deficit in a record 1.63 trillion yen in January monthly deficit. The Treasury announced on Thursday, February exports totaled 5.28 trillion yen ($5.51 billion), and imports surged to 6.06 trillion yen ($6.32 billion). Yen weakened about 20% against the dollar in recent months, help the export manufacturers, but also boosted to buy liquefied natural gas and crude oil to make up the shortage as the cost of all power, but after 2 nuclear power plant is operating in Japan, in March 2011 disaster at the fukushima daiichi plant. In 2012, Japan's trade deficit rose to a record 6.93 trillion yen ($7.83 billion), because the fuel imports soared, a bitter territorial dispute with China anti-japanese riots, hammer exports to the world's second largest economy. Values of gas imports, a rise of nearly 10% in February from a year earlier and crude oil imports rose by 20%, the ministry said. Japan's exports to China fell by 15.8% to 84.23 billion yen ($88 billion), in part because of the week-long lunar New Year holiday. Imports from China rose by 22%, to 1.12 trillion yen ($117 billion). Crisis hard-hit European exports fell by 9.6%, to 53.5 billion yen ($5.6 billion), while imports grew by 11%, to 56 billion yen ($58 billion). For shipments in the United States has increased by 5.7% to 1 trillion yen ($04 billion), imports rose by 0.6%, to 47.92 billion yen ($500 million). Dollar market price of 96 yen on Thursday noon, compared with the levels of the 1970 s last fall. Prime minister Shinzo Abe (Shinzo Abe) management, be helpful for a weak currency, to help Japan's export competitiveness in overseas market, and market expectations of loose monetary policy has quit, the yen against the dollar and other major currencies. Shinzo Abe has promised to improve competitiveness, promote the reform of hard, in the long run, to maintain economic growth needs, while at the same time through higher spending on public works projects to stimulate domestic demand. Recent data showed the economy may have already out of recession, but resource-poor Japan needs to import almost all energy use, and many other goods, has had many years of trade surpluses.


Other News:
Asian markets muted amid Cyprus uncertainty
Japan's Feb trade deficit at $8.1B as exports lag
Israel says Syria reason for restoring Turkey ties
Venezuela cut off the channels of informal dialogue with the United States
Venezuela ends talks with U.S. over diplomat comment
Pakistan sees Afghanistan's Karzai as obstacle to peace with Taliban
Pepsi rolls out a new shape for bottle
Brazil enlists U.N. help to ready World Cup stadium