Japanese imports dropped less than anticipated in November

Japanese imports dropped less than anticipated in November

  • Buz Investors Japanese imports dropped Japan recorded a JPY 153 billion trade surplus in November of 2016, compared to JPY 387 billion deficit a year earlier but lower than market expectations of JPY 227.4 billion surplus.
  • Exports declined 0.4 percent year-on-year, 14th consecutive drop but less than expectations of an 2 percent fall. Imports shrank 8.8 percent compared to forecasts of a 12.6 percent decrease.
  • Balance of Trade in Japan averaged 369.92 JPY Billion from 1963 until 2016, reaching an all time high of 1608.67 JPY Billion in September of 2007 and a record low of -2795.04 JPY Billion in January of 2014.

Japanese imports dropped

Japanese imports dropped less than anticipated in November

Japanese imports dropped Japan recorded a JPY 153 billion trade surplus in November of 2016, compared to JPY 387 billion deficit a year earlier but lower than market expectations of JPY 227.4 billion surplus. Exports declined 0.4 percent year-on-year, 14th consecutive drop but less than expectations of an 2 percent fall. Imports shrank 8.8 percent compared to forecasts of a 12.6 percent decrease.

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Japanese imports dropped

 

Exports decreased to JPY 5956.5 billion. Sales went down mainly to Thailand (-9.5 percent); Philippines (-6.9 percent); Taiwan (-1.2 percent); India (-1.2 percent); the United States (-1.8 percent). In contrast, exports rose to China (+4.4 percent); South Korea (+11.9 percent); Singapore (-2.8 percent) and Malaysia (+5.9 percent). By product, declines were reported for transport equipment (-4.6 percent), namely cars (-7.4 percent); and manufactured goods (-6.4 percent), namely iron and steel products (-12.1 percent).

major currencies: (EUR-USD) (USD-JPY) (GBP-USD) (USD-CHF), (USD-CAD), (AUD-USD)

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Jadtecnic

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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