Mexican Media Brands
Japan’s Export Growth Slows to Less than 1%
Japan’s exports totaled 6.42 trillion yen ($53 billion) in September from 6.38 trillion yen in the same month last year, according to government data.
#economics
Share
Japan’s exports totaled 6.42 trillion yen ($53 billion) in September from 6.38 trillion yen in the same month last year, according to government data.
Shipments to China declined nearly 4% to 1.1 trillion yen ($9.2 billion). But exports to the U.S. surged 10% to 1.3 trillion yen ($10 billion). The swing made America Japan’s largest export market again, if only temporarily.
Japan’s trade deficit in September shrank to 115 billion yen ($955 million) from 569 billion yen in August, thanks mainly to a 36% drop in the price of imported oil, gas and coal.
The Associated Press reports that economic data, including a survey of manufacturers, suggests export volumes will continue to slip for several months.
RELATED CONTENT
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data