Asia

Tuesday, August 7, 2012 - 20:37

Japan July 1st 20-Day Exports -2.4%, Trade Deficit Y580.0 Bln


-- Japan July 1st 20-Day Exports -2.4% Y/Y Vs June -2.3%
-- Japan July 1st 20-Day Imports +4.7% Y/Y Vs June -2.2%
-- Japan July 1st 20-Day Trade Deficit Y580.01 Bln

TOKYO (MNI) - Japan's exports fell in the first 20 days of July from a year earlier, when shipments were recovering from the major supply chain breakdown caused by the March 2011 earthquake disaster, data released by the Ministry of Finance showed on Wednesday.

Exports in the first 20 days of last month came to Y3.34 trillion, down 2.4% from a year before, when the year-on-year slump in shipments of cars and electronics was easing from the previous month.

The latest decline followed a 2.3% fall in exports in the whole of June this year.

Imports rose 4.7% y/y to Y3.92 trillion in the first 20 days of July following a 2.2% drop in the previous month.

As a result, Japan's trade balance for the first 20 days of July posted a deficit of Y580.01 billion, compared with a deficit of Y322.02 billion in the first 20 days of July 2011.

tokyo@marketnews.com ** MNI Tokyo Newsroom: 81-3-5403-4835 **

[TOPICS: M$J$$$,M$A$$$,MAJDS$]

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