Japan's trade deficit is a smaller than expected 180.8 one billion yen (about $ 1.8 billion) in June, weaker yen to boost exports.
Ministry of Finance on Wednesday reported a deficit of less than most forecasts, from May to 99.64 billion yen deficit. However, this is more than three times the 56.1 trillion yen deficit was recorded in June 2012. This was mainly due to higher cost of imported fuel, since most Japanese nuclear reactors have been shut down since March 2011 tsunami and nuclear disaster.
In the past nine million yen weakness will help export-oriented manufacturing, especially machinery, automobiles, shipments from a year ago has been double-digit rates rise.
In June, exports amounted to 6.1 trillion yen ($ 60.9 bn) rose 7.4 percent from a year earlier, while imports rose to 6.24 trillion yen ($ 62.7 bn). Exports to the U.S. increased by nearly 15 percent to 1.13 trillion yen, ($ 11.4 bn), while imports grew nearly 19 percent to 58.92 billion yen ($ 59 billion).
And crisis-ridden European trade signs of recovery. EU exports grew by 8.6%, while imports grew by nearly 17%. Imports from the Middle East, mainly oil and gas, an increase of 8 percent to 1.12 trillion yen ($ 11.2 bn).
However, Japan's trade with China caused by conflicting requirements, the islands in the East China Sea tensions. Chinese mainland's exports grew 4.8% in June ? 1.08 trillion industry ($ 10.8 billion), while its imports from China grew by 14.3 percent to 1.33 trillion yen (together 13.4 billion), and the world's second largest economy Japan's deficit nearly doubled.
Mostly response to this trend, Japanese Prime Minister Shinzo Abe (Shinzo Abe) has made increasing Asian trade and develop key resource-exporting countries what he calls his "economic diplomacy focused on the relationship." Abe also promised that Japan would join a US-led trade initiative, the Trans-Pacific Partnership idea, which is used as the scope of what could become a regional trading bloc start.
Tuesday, Japan became the first 12 countries have officially joined talks in Malaysia. Our goal is to end the talks, but this year may prove to be difficult negotiations, the resistance to eliminate some of the industry in Japan, especially migrant protection.
Japan, the temptation is the United States and other major markets, especially in the fast-growing Asian greater access. During the talks, the 12 countries account for about 40% of world trade.
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