Japan's trade deficit for first half declines as exports recover
5 months ago

Japan's trade deficit for first half declines as exports recover

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Japan posted a trade surplus in June, the first in three months, highlighting a recovery in exports, government data showed Thursday. For the first six months of this year, Japan’s trade deficit declined by more than half from the same period last year, to 3.23 trillion yen, according to Finance Ministry data. Japan has logged trade deficits for six straight fiscal half-years, starting with the final half of 2021, mainly because of the weak yen and rising global prices. In the first six months of the year, imports rose 0.8% to 54.7 trillion yen, while exports gained nearly 9% to 51.5 trillion yen.

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History of this topic

Rahul slams govt over trade deficit touching all-time high
5 days, 21 hours ago

Rahul slams govt over trade deficit touching all-time high

Deccan Chronicle  

New Delhi: Slamming the Modi government, Leader of Opposition in the Lok Sabha Rahul Gandhi on Wednesday said prioritising crony businesses over play-fair ones leads to weakened manufacturing sector, depreciating currency, record high trade deficits, high interest rates, falling consumption and soaring inflation.Tagging a media report which said that trade deficit and imports are at an all-time high, Gandhi hit …

Trade deficit at a record $38bn as gold imports rise
Top News
1 week ago

Trade deficit at a record $38bn as gold imports rise

Hindustan Times  

India’s merchandise trade deficit widened to a record $37.84 billion in November, driven primarily by surging gold imports and falling exports, a trend experts said threatens to add pressure on the rupee which is already strained by three months of portfolio outflows. Imports, however, surged by 27% to $69.95 billion compared to $55.06 billion in November 2023, mainly due to …

India’s Trade Deficit Widens to Record as Gold Demand Soars
Top News
1 week ago

India’s Trade Deficit Widens to Record as Gold Demand Soars

Live Mint  

-- India’s trade deficit expanded to a record high in November, as the nation’s import bill ballooned, particularly due to a rise in gold shipments. The gap between exports and imports stood at $37.8 billion in November, trade ministry data showed Monday, much higher than the $23 billion deficit forecast by economists in a Bloomberg survey. A widening trade deficit …

Trade War Widened US Trade Deficit, Increased Chinese Global Exports
1 week, 1 day ago

Trade War Widened US Trade Deficit, Increased Chinese Global Exports

Deccan Chronicle  

The US-China trade war initiated by President Donald Trump under his previous government failed to achieve its goals as the trade deficit of the US further widened while China’s global exports increased between 2017 and 2023. The US-China trade war, which began in March 2018 by imposing 25 per cent tariffs on steel and 10 per cent on aluminium, escalated …

Why Japan is struggling to recover its economic mojo
2 weeks, 5 days ago

Why Japan is struggling to recover its economic mojo

Firstpost  

Japan’s GDP, which accounted for over 70 per cent of the US GDP in 1995, declined to just 15 per cent by 2023 Japan, with a landmass just 11 per cent the size of India’s, has historically wielded an outsized influence in shaping the destiny of Asia and the wider world. Rising literally from the ashes, Japan achieved the “Japanese …

Japan Intervened Twice Last Quarter to Bring Yen Below 160
1 month, 2 weeks ago

Japan Intervened Twice Last Quarter to Bring Yen Below 160

Live Mint  

Japan said it stepped into the foreign exchange market twice last quarter, as speculation grows that more moves may be brewing given the recent bout of renewed yen weakness. Before the government took action in July the yen was trading past 160 per dollar, a 38-year low, partly driven by speculators betting on the wide borrowing cost gap between Japan …

US trade deficit widens to over two year-high in September 2024; Gold imports highest since March 2022
1 month, 2 weeks ago

US trade deficit widens to over two year-high in September 2024; Gold imports highest since March 2022

Live Mint  

The US trade deficit surged to nearly a 2-1/2-year high in September as businesses boosted imports to meet robust domestic demand and in anticipation of higher tariffs on goods. “The outcome of the election could add upside risk to imports if businesses seek to pre-empt potential tariff increases in the event of a second Donald Trump presidency.” The trade gap …

India has trade surplus with 151 nations; deficit with 75 during Jan-June 2024: GTRI
3 months, 3 weeks ago

India has trade surplus with 151 nations; deficit with 75 during Jan-June 2024: GTRI

The Hindu  

India has recorded trade surplus with as many as 151 countries such as the U.S. and Netherlands, while the country has a trade deficit with 75 nations including China and Russia during the first half of this year, according to think tank GTRI. "Between January and June 2024, India had a trade surplus with 151 countries, representing 55.8 per cent …

Japan records trade deficit as surging global prices pushes imports higher
4 months ago

Japan records trade deficit as surging global prices pushes imports higher

Associated Press  

TOKYO — Japan racked up a 621 billion yen trade deficit in July, as prices of imports surged, according to government data released Wednesday. Japan’s imports grew nearly 17% from a year ago to 10.2 trillion yen, while exports grew 10% to 9.6 trillion yen, the Finance Ministry said. Exports grew to the U.S., China and Brazil, but auto exports …

Trade tact: The Hindu Editorial on India’s trade policy focus
5 months ago

Trade tact: The Hindu Editorial on India’s trade policy focus

The Hindu  

India’s goods exports rose for the third successive month this June, growing 2.55% to $35.2 billion. With oil prices virtually unchanged over the last two months, this signals a drop in export volumes, just as a sharper 19.6% rise in June’s oil imports suggests a domestic demand spike. The oil deficit accounts for almost half of the first quarter trade …

India's exports in Q1 show resilience despite global slowdown: CRISIL
5 months ago

India's exports in Q1 show resilience despite global slowdown: CRISIL

New Indian Express  

India's exports have shown resilience amidst global challenges, with merchandise exports rising by 5.8% to $109.96 billion in the first quarter of fiscal 2025, according to CRISIL. "On a cumulative basis, merchandise exports rose 5.8% to $109.96 billion for the first quarter of fiscal 2025, from $103.9 billion in the year-ago period. This growth in exports in the first quarter …

China sees imports and exports expand yearly
5 months, 1 week ago

China sees imports and exports expand yearly

China Daily  

chinadaily.com.cn| Updated :2024-07-12 China's total goods imports and exports expanded 6.1 percent year-on-year in the first half of this year to 21.17 trillion yuan, hitting a recording high, data from the General Administration of Customs showed on Friday. The country's exports rose 6.9 percent year-on-year to 12.13 trillion yuan during the period, while imports climbed 5.2 percent to 9.04 trillion …

Japan signals it may prop up yen after currency falls to 38-year low
5 months, 3 weeks ago

Japan signals it may prop up yen after currency falls to 38-year low

Al Jazeera  

Japan has signalled it may intervene to prop up the yen after the currency fell to a 38-year low against the US dollar. “We are watching moves with a high sense of urgency, analysing the factors behind the moves, and will take necessary actions.” The Japanese finance chief made his comments after the yen weakened to 160.88 against the dollar …

Japan’s exports surge 13.5% in May, helped by cheap yen and strong demand in US, Asian markets
6 months ago

Japan’s exports surge 13.5% in May, helped by cheap yen and strong demand in US, Asian markets

Associated Press  

TOKYO — Japan’s exports surged 13.5% in May, faster than expected growth helped by a weak yen and strong demand in the U.S. and Asia. Finance Ministry data reported Wednesday showed that the trade deficit totaled 1.22 trillion yen, down nearly 12% from 1.38 trillion yen a year earlier. In fact, “most of the increase in trade values over the …

India in trade deficit with nine of top 10 trading partners in 2023-24
6 months, 3 weeks ago

India in trade deficit with nine of top 10 trading partners in 2023-24

The Hindu  

India has recorded a trade deficit, the difference between imports and exports, with nine of its top 10 trading partners, including China, Russia, Singapore, and Korea, in 2023-24, according to official data. India's total trade deficit in the last fiscal narrowed to $238.3 billion as against $264.9 billion in the previous fiscal. Economic think tank Global Trade Research Initiative said …

Japan’s economy shrank more than expected in the first quarter
7 months, 1 week ago

Japan’s economy shrank more than expected in the first quarter

Associated Press  

TOKYO — The Japanese economy shrank at an annual rate of 2% in the first quarter of this year, as consumption and exports declined, the government said Thursday. Although unemployment has stayed relatively low in the world’s fourth largest economy at about 2.6%, wage growth has been slow and prices have risen partly due to weakness of the yen against …

Japan records a trade deficit for the third straight fiscal year despite recovering exports
8 months, 1 week ago

Japan records a trade deficit for the third straight fiscal year despite recovering exports

Associated Press  

TOKYO — Japan recorded a trade deficit for the third straight fiscal year as the costs of energy and other imports rose and the yen remained weak. The deficit was 5.89 trillion yen for the fiscal year that ended in March, according to Finance Ministry data released Wednesday. Annual exports to China slipped slightly, declining for the first time in …

Japan’s exports rise nearly 8% in February on strong shipments of cars and machinery
9 months ago

Japan’s exports rise nearly 8% in February on strong shipments of cars and machinery

Associated Press  

TOKYO — Japan’s exports rose 7.8% in February from a year earlier on strong shipments of cars and electrical machinery, the government said Thursday. Exports in February totaled 8.2 trillion yen, marking the third straight month of growth, according to preliminary customs data. The picture for imports was mixed, with China supplying 1.7 trillion yen, a nearly 17% annual increase …

Lack of drivers drops Japan down to fourth
10 months ago

Lack of drivers drops Japan down to fourth

China Daily  

Pedestrians walk past an electronic board showing the closing numbers of the Tokyo Stock Exchange along a street in Tokyo on February 8, 2024. According to official Japanese data released on Thursday, Japan's nominal GDP in 2023 was 591.48 trillion yen, lower than Germany's $4.46 trillion. While being surpassed by Germany, Japan's nominal GDP grew by 5.7 percent in 2023, …

Japan slips into recession; loses its spot as the world's third-largest economy
10 months, 1 week ago

Japan slips into recession; loses its spot as the world's third-largest economy

The Hindu  

Japan’s economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany. Japan’s nominal GDP totaled $4.2 trillion last year, while Germany’s was $4.4 trillion, or $4.5 trillion, depending on the currency conversion. The U.S. remains the world’s largest economy by far, with GDP at $27.94 trillion in 2023, while China's was …

Jan. goods trade deficit narrows sequentially to nine-month low of $17.5 billion
10 months, 1 week ago

Jan. goods trade deficit narrows sequentially to nine-month low of $17.5 billion

The Hindu  

India’s merchandise trade deficit, which had hit a record high of $29.9 billion in October, narrowed sequentially for the third straight month and touched a nine-month low of $17.5 billion in January, provisional estimates released by the Commerce Ministry on Thursday showed. Services exports, whose actual numbers will be released later, are estimated to have expanded 17.5% last month to …

Japan slips to the world's fourth-largest economy, behind the US, China and now Germany
10 months, 1 week ago

Japan slips to the world's fourth-largest economy, behind the US, China and now Germany

The Hindu  

Japan has slipped to the world’s fourth-largest economy as government data released on January 15 showed it fell behind the size of Germany's in 2023. Japan’s nominal GDP totaled $4.2 trillion last year, or about 591 trillion yen. The latest data reflect the realities of a weakening Japan and will likely result in Japan’s commanding a lesser presence in the …

Japan slips into a recession and loses its spot as the world’s third-largest economy
10 months, 1 week ago

Japan slips into a recession and loses its spot as the world’s third-largest economy

Associated Press  

TOKYO — Japan’s economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany. Japan’s nominal GDP totaled $4.2 trillion last year, while Germany’s was $4.4 trillion, or $4.5 trillion, depending on the currency conversion. But its economy, one of the world’s worst performing last year, also contracted in the last quarter, …

Japan slips into a recession and loses its spot as the world’s third-largest economy
10 months, 1 week ago

Japan slips into a recession and loses its spot as the world’s third-largest economy

LA Times  

A sushi chef prepares a plate at the Toyosu Market in Tokyo. Japan’s economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany. Japan’s nominal GDP totaled $4.2 trillion last year, while Germany’s was $4.4 trillion, or $4.5 trillion, depending on the currency conversion. But its economy, one of the world’s …

Japan slips into recession, allowing Germany to overtake as world’s third-largest economy
10 months, 1 week ago

Japan slips into recession, allowing Germany to overtake as world’s third-largest economy

CNN  

Hong Kong/Tokyo CNN — Japan’s economy has contracted unexpectedly because of weak domestic consumption, pushing the country into recession and causing it to lose its position as the world’s third largest economy to Germany. What’s more, the Bank of Japan’s Tankan survey showed that business conditions across all industries and firm sizes were the strongest they’ve been since the fourth …

Japan's exports surge 10% in December on strong demand for autos, revived trade with China
10 months, 4 weeks ago

Japan's exports surge 10% in December on strong demand for autos, revived trade with China

The Hindu  

Japan's exports surged almost 10% in December from a year earlier, helped by a revival in trade with China and strong demand for vehicles, machinery and computer chips. A weak Japanese yen has helped export manufacturers like Toyota, Honda and Sony, though it increases the costs of imports of key commodities like oil and gas needed to fuel the world's …

Exports marginally up at $38.45 billion in December; trade deficit narrows
11 months, 1 week ago

Exports marginally up at $38.45 billion in December; trade deficit narrows

The Hindu  

The country's exports edged up 1% to $38.45 billion in December 2023 while the trade deficit narrowed to a three-month low of $19.8 billion, official data released on Monday showed. Crude oil imports in April-December 2023-24 declined by about 19% to $128.6 billion while gold imports surged by 26.64% to about $36 billion in April-December 2023. Imports contracted by 7.93% …

Japan Cabinet OKs record military budget to speed up strike capability, eases lethal arms export ban
1 year ago

Japan Cabinet OKs record military budget to speed up strike capability, eases lethal arms export ban

Associated Press  

TOKYO — Japan’s Cabinet on Friday approved a hefty 16% increase in military spending next year and eased its postwar ban on lethal weapons exports, underscoring a shift away from the country’s self-defense-only principle. The easing would help strengthen Japan’s feeble defense industry and broaden the country’s new official military aid designed for like-minded nations in the Indo-Pacific region in …

A cloudy horizon: The Hindu Editorial on trade data
1 year ago

A cloudy horizon: The Hindu Editorial on trade data

The Hindu  

From a rare upward swing this October, India’s goods exports retreated into contraction last month, dipping 2.8% from 2022 levels to touch $33.9 billion. Imports dropped 4.33% to $54.5 billion, cooling the merchandise trade deficit to $20.6 billion, almost a third below October’s record high. August’s goods trade deficit was moderated by nearly three billion dollars, with the overall export-import …

Exports dipped again in November, but trade deficit eases 31% from record high
1 year ago

Exports dipped again in November, but trade deficit eases 31% from record high

The Hindu  

India’s goods exports slipped back into contraction to drop 2.83% in November to $33.9 billion, while imports fell by a sharper 4.33% to $54.48 billion. The trade deficit for November eased sharply beyond expectations to $20.58 billion from the all-time high of $29.91 billion recorded in October. Exports have been positive in November and higher than the overall exports of …

Japan’s economy sinks into contraction as spending, investment decline
1 year, 1 month ago

Japan’s economy sinks into contraction as spending, investment decline

Associated Press  

TOKYO — Japan’s economy contracted at a 2.1% annual pace in July-September as consumption and investment weakened, the government said Wednesday. With investment and demand weakening in other major economies, “we expect GDP growth to slow from 1.7% this year to 0.5% in 2024,” said Marcel Thieliant of Capital Economics. The last quarter’s performance was far worse than what had …

Trade deficit eases as imports plunge
1 year, 2 months ago

Trade deficit eases as imports plunge

Live Mint  

India’s trade deficit narrowed in September as imports plunged and exports continued to slide amid slowing demand in the West and China. Goods exports slipped marginally by 2.59% to $34.47 billion compared to $35.39 billion in September 2022, while imports fell a steeper 15% to $53.84 billion against $63.37 billion a year earlier. “India’s merchandise trade deficit compressed considerably to …

Japan records a trade deficit in August as exports to China, rest of Asia weaken
1 year, 3 months ago

Japan records a trade deficit in August as exports to China, rest of Asia weaken

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

India’s goods trade deficit hits a 10-month high
1 year, 3 months ago

India’s goods trade deficit hits a 10-month high

The Hindu  

India’s foreign trade hit a fresh trough in August, with goods exports shrinking for the seventh successive month, services exports estimated to have dropped for the first time in well over a year, and the goods trade deficit hitting a 10-month high. The merchandise import bill for August dropped 5.23% year-on-year to $58.64 billion, but was 10.85% higher than July’s …

Japanese economic growth surges on strong exports and tourism
1 year, 4 months ago

Japanese economic growth surges on strong exports and tourism

Associated Press  

TOKYO — Japan’s economic growth jumped at an annual pace of 6% in the April-June period, marking the third straight quarter of growth as exports and inbound tourism recovered. Real gross domestic product, which measures the sum value of a nation’s products and services, grew 1.5% in the fiscal first quarter for the world’s third largest economy, the Cabinet Office …

India’s goods exports dropped 22% to hit 8-month low in June
1 year, 5 months ago

India’s goods exports dropped 22% to hit 8-month low in June

The Hindu  

India’s goods exports plummeted 22.02% year-over-year in June to hit an eight-month low of $32.97 billion, while imports fell 17.5% to $53.1 billion, as per data from the Commerce Ministry. The goods trade deficit for June fell 8.8% from levels seen last June as well as this May, to $20.13 billion. This trend is likely to continue this year, with …

China trade tumbles in May, highlighting slowdown of economic recovery
1 year, 6 months ago

China trade tumbles in May, highlighting slowdown of economic recovery

The Hindu  

China's exports fell 7.5% from a year earlier in May and imports were down 4.5%, adding to signs that an economic rebound following the end of the anti-virus controls is slowing as global demand weakens due to higher interest rates. “China's exports will remain subdued, as we anticipate the U.S. economy to enter recession,” Lloyd Chan of Oxford Economics said …

Exports fell 8.8% in February, but trade deficit also shrank over 7%
1 year, 9 months ago

Exports fell 8.8% in February, but trade deficit also shrank over 7%

The Hindu  

Tentative global demand pulled India’s goods exports down 8.8% in February to $33.9 billion, while imports fell 8.2% from a year ago to $51.31 billion, according to Commerce Ministry estimates released on Wednesday. The merchandise trade deficit during February 2023 fell 7% to $17.43 billion, slightly higher than January’s $16.56 billion deficit, which in turn was the lowest in at …

India’s exports in January dipped by 6.58% to $32.91 bn
1 year, 10 months ago

India’s exports in January dipped by 6.58% to $32.91 bn

Live Mint  

India's exports in January dipped by 6.58 per cent to $32.91 billion, as against $35.23 billion in the same month last year, according to the data released by the commerce ministry on Wednesday. Imports in January also declined by 3.63 per cent to $50.66 billion, as against $52.57 billion in the same month last year. Cumulatively, during April-January 2022-23, the …

China’s trade surplus swells to $877.6B as exports grow
1 year, 11 months ago

China’s trade surplus swells to $877.6B as exports grow

Associated Press  

BEIJING — China’s trade surplus swelled to a record $877.6 billion last year as exports rose despite weakening U.S. and European demand and anti-virus controls that temporarily shut down Shanghai and other industrial centers. “China’s foreign trade and exports showed strong resilience in the face of many difficulties and challenges,” said a customs agency spokesperson, Lu Daliang, at a news …

Merchandise exports may drop 2.3% this year: CARE
1 year, 11 months ago

Merchandise exports may drop 2.3% this year: CARE

The Hindu  

Slowing global growth and cooling demand are likely to shrink India’s goods exports by more than 2% in 2022-23 and grow just 1.5% next year, CARE Ratings said in a research report on Tuesday, signalling a sharp drop in outbound shipments over the next quarter. With major economies likely to experience a sharp slowdown and global trade growth moderating, India’s …

Japan unveils record 114.4 trillion-yen budget in fresh boost to military capacity
2 years ago

Japan unveils record 114.4 trillion-yen budget in fresh boost to military capacity

Firstpost  

Endorsed by Prime Minister Fumio Kishida’s cabinet on Friday, the highlights of the budget include record expenditure earmarked for defence and welfare spending for a country that has an ageing population. Tokyo: Japan on Friday announced a budget of 114.4 trillion yen for the next fiscal year beginning April, marking increased military spending and higher social security costs for its …

Japan unveils record defence budget amid regional security fears
2 years ago

Japan unveils record defence budget amid regional security fears

Al Jazeera  

The cabinet’s nod for a 20-percent rise in military spending is a deviation from pacifist post-WWII self-defence policy. Japan will boost its defence budget for 2023 to a record 6.8 trillion yen, or a 20-percent increase, in the face of regional security concerns and threats posed by China and North Korea. Prime Minister Fumio Kishida’s cabinet approved the budget on …

Exports flat at $31.99 bn in Nov, trade deficit at $23.89 bn
2 years ago

Exports flat at $31.99 bn in Nov, trade deficit at $23.89 bn

Live Mint  

India's merchandise exports recorded a flat growth at $31.99 billion in November as against $31.8 billion in the same month last year, while the merchandise trade deficit stood at $23.89 billion from $26.91 billion in the previous month, data released by the Ministry of Commerce & Industry showed on Thursday. Textile exports in India dropped due to global demand slowdown …

Trade data flags testing time for goods exports
2 years, 3 months ago

Trade data flags testing time for goods exports

The Hindu  

India’s merchandise exports contracted 1.15% year-on-year in August to $33 billion, while inelastic imports of petroleum and coal continued to climb, lifting imports above the $60 billion mark for the sixth successive month. The country’s goods trade deficit moderated slightly sequentially from the record $30 billion in July, but remained the second highest on record at $28.68 billion, and widened …

Exports remain flat in August; trade deficit more than doubled to 28.68 billion: Commerce Ministry
2 years, 3 months ago

Exports remain flat in August; trade deficit more than doubled to 28.68 billion: Commerce Ministry

Firstpost  

Trade deficit widened to 125.22 billion in April-August this fiscal as against USD 53.78 billion in the same period last year. Commerce secretary B V R Subrahmanyam said that the country’s overall exports are expected to cross USD 450 billion during the current fiscal New Delhi: India’s exports contracted by 1.15 per cent to USD 33 billion and trade deficit …

Japan economy grows 2.2% in 2Q on revived consumer spending
2 years, 4 months ago

Japan economy grows 2.2% in 2Q on revived consumer spending

Associated Press  

TOKYO — Japan’s economy grew at an annual rate of 2.2% in the April-June quarter, the government said Monday, as consumer spending rebounded with the gradual lifting of pandemic precautions. A revised estimate put growth for the world’s third-largest economy as flat in the first quarter of the year, upgraded from an earlier reading of a 0.5% contraction. “Nevertheless, it …

Understanding the all-time high in India’s trade deficit
2 years, 5 months ago

Understanding the all-time high in India’s trade deficit

The Hindu  

The story so far: Having crossed a record $400 billion mark in 2021-22, India’s exports have moderated in the first quarter of this year, with May and June clocking upticks of 20.6% and 16.8%, respectively, slowing from a 30.7% rise in April. Sequentially too, overall goods exports declined for the third month in a row in June, even as imports …

A matter of import: On spectre of wider trade and current account deficits
2 years, 5 months ago

A matter of import: On spectre of wider trade and current account deficits

The Hindu  

India’s monthly merchandise trade deficit hit a fresh record of $25.6 billion in June as per preliminary estimates released by the Commerce and Industry Ministry on Monday. In June, the value of outbound shipments grew 16.8%, marginally slower than the 20.6% growth recorded in May, to about $38 billion — reflecting the third successive month of moderation. And although gold …

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