Posts Tagged export
Japanese export growth slows again in August
Posted by Oksana Grebenjuk in Trading Markets on Сентябрь 28th, 2010
Japan’s growth in exports slowed for a sixth consecutive month in August, another signal that the nation’s economic recovery is running out of gas, while the yen remains at a persistent 15-year high against the dollar.
Exports climbed 15.8 percent on an annual basis, compared with a peak 45.3 percent surge in February.
The slowdown in exports comes amidst moves by the Bank of Japan to intervene to soften the strengthening yen, while a political dispute with China keeps growing.
Exports to other Asian countries, which represent for more than half of Japan’s total export business, rose 18.6 percent, significantly slower than the 23.8 percent increase in July.
Exports to China grew by 18.5 percent in August, down from a 22.7 percent annual increase in July.
Meanwhile, Japanese exports to the U.S. rose by 8.8 percent from a year earlier, far below the 25.9 percent climb recorded in July. Read the rest of this entry »
China results for November: crude production down 9% and exports up 5%
Posted by Oksana Grebenjuk in Trading Markets on Декабрь 17th, 2009
Chinese crude steel production dropped 9% from 51.8 million metric tonnes in October to 47.3 million tonnes in November. This is still 34% higher than November 2008 crude steel production.
Finished steel exports rose 5% to 2.85 million tonnes, continuing the climb started in June 2009 when exports were 1.43 million tonnes. November 2009 exports were 3% lower than November 2008’s, and 30% lower than November 2007’s. Net finished steel exports grew to 1.56 million tonnes and apparent domestic consumption fell 10% to 43.4 million tonnes.
Based on reported import licenses, US flat products imports dropped 7% from 429,000 short tons in October (according to preliminary census figures) to 398,000 short tons in November. This can be compared to 641,000 tons of imports in November 2008.
Hot rolled and cold rolled imports both grew at 1% between October and November. Cut plate imports, however, dropped 42% to 23,000 tons mainly due to lower imports from Canada. Hot dip galvanized imports also dropped significantly by 21% to 70,000 tons due to reduced imports from Canada, Korea, and Taiwan. Read the rest of this entry »
Global economy likely to recover, but only moderately
Posted by Oksana Grebenjuk in Favourites, Trading Markets on Май 26th, 2009
Bank of Japan Governor Masaaki Shirakawa said Monday the sharp deterioration in the global economy is starting to level out, but severe conditions are likely to continue for the time being and the recovery is likely to be only mild.
In a speech to local business leaders in Kanazawa, Ishikawa Prefecture, Shirakawa said the Japanese economy is likely to recover moderately from the latter half of fiscal 2009 on the back of the global recovery, noting recent signs of improvement in export and production due partly to demand recovery in China.
But caution on downside risks to the domestic economy would remain necessary as domestic demand, or spending by companies and consumers, is being adversely affected with a lag by a steep decline in production, he said.
«The sharp deterioration in economic and financial conditions in Japan and abroad since last autumn is starting to level out and there is the prospect of a mild recovery ahead,» Shirakawa said.
However, adjustments of various excesses that had accumulated worldwide over the past several years could take «considerable time,» he said, adding, «It is very likely that the severe economic conditions will continue for some time.» Read the rest of this entry »
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