Japan’s trade balance narrowed last month but exports fell again, particularly to major market China, official data showed on Thursday.
The disappointing export figures underscore concerns about China’s growth, despite signs of a modest pickup in the Japanese economy.
The finance ministry said Japan’s November trade deficit shrunk by nearly 58% from a year ago to 379.7 billion yen (US$3.1 billion), beating market expectations of a 480 billion yen deficit.
In October, Japan posted its first on-year trade surplus in seven months as the value of energy imports slumped on falling oil prices.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
The disappointing export figures underscore concerns about China’s growth, despite signs of a modest pickup in the Japanese economy.
The finance ministry said Japan’s November trade deficit shrunk by nearly 58% from a year ago to 379.7 billion yen (US$3.1 billion), beating market expectations of a 480 billion yen deficit.
In October, Japan posted its first on-year trade surplus in seven months as the value of energy imports slumped on falling oil prices.
No comments:
Post a Comment