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Macroeconomics  |  August 22, 2012 10:40:00

Japan's trade balance recorded a deficit of 517.4 billion yen in July


Japan's trade balance recorded a deficit of 517.4 billion yen ($ 6.5 billion) in July, the Ministry of Trade. Exports of goods fell by 8.1% to 5.31 trillion yen, and imports rose by 2.1% to 5.83 trillion. yen. Majority consensus assumed liability in the amount of 270.0 billion yen surplus for 60.3 million yen in June. After adjusting for seasonal trade balance showed a deficit of 325.7 billion yen.

Exports slowed the second month in a row, while imports resumed growth. The increase in exports of goods reflected transportation equipment, passenger cars, parts and accessories, equipment for energy and metal processing. Decreased exports of goods, especially machinery and electrical equipment. Shipments were directed mainly to the USA, Canada, Thailand, Russia and Middle East countries. Slowed exports to China, South Korea, Taiwan, EU and Australia.Imports of mineral fuels projected, especially liquefied natural gas, as well as machinery for energy, electrical equipment and other devices. Increased imports from China, Korea, USA, Canada, EU and Russia.

In the first half of calendar 2012, Japan's trade balance showed a record deficit of 2.9 trillion yen ($ 37.4 billion), due to the slowdown in exports and an increase in fuel imports after the shutdown of most nuclear reactors in the country. The government permitted only restart two reactors that have undergone stress tests. The remaining 48 reactors remained after the earthquake and disaster in Fukushima off.



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