Belfast Telegraph

Saturday 5 September 2015

Japanese exports rise despite strong yen

Published 24/10/2011

Japan's exports rose for a second straight month in September, showing a recovery is under way from the tsunami disaster even as manufacturers face a strong yen and weak global economy.

The Finance Ministry said that exports rose 2.4% from a year earlier in September.

Exports had declined for five months in the wake of the March 11 earthquake and tsunami that devastated industry in north east Japan.

The ministry said the value of September exports totalled 5.98 trillion yen (78.2 billion US dollars), while imports came to 5.68 trillion (74 billion US dollars), up 12%. That gave Japan a trade surplus of 300 billion yen (four billion US dollars).

The improvement in trade data comes amid growing worries about the health of the global economy as Europe struggles to resolve its chronic debt crisis and US unemployment remains high.

Japanese manufacturers such as Toyota are also being threatened by the strong yen, which can make their products more expensive in overseas markets.

The dollar has been hovering between 76 yen and 77 yen recently - near record lows.

Exports to China, Japan's biggest overseas market, rose by 2.7% to 1.11 trillion yen (14.5 billion US dollars).

Exports to the United States were nearly flat at 924.8 billion yen (12.1 billion US dollars), an increase of 0.4%, while imports from the US grew 1.8% to 485.4 billion yen (6.4 billion US dollars).

From the web

Sponsored Videos

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting?

Read More

From Belfast Telegraph