| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

Follow Finfacts on Twitter

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

Asia Economy Last Updated: Sep 23, 2014 - 4:35 AM


Japan reports 26th straight monthly trade deficit; Public debt tops ¥1,000tn
By Michael Hennigan, Finfacts founder and editor
Sep 18, 2014 - 3:29 AM

Email this article
 Printer friendly page

Shinzo Abe, Japan's prime minister, attended a citizens’ rally on Sept 13, 2014 with the theme - - “We cannot wait any longer: We want results this year!”

Japan today reported a ¥948.5bn ($8.7bn) trade deficit in August, the 26th straight shortfall, as weak demand from China and the US hit exports, the finance ministry said Thursday. Also today the Bank of Japan reported that public/ government debt has topped ¥1,000tn.

Exports dropped 1.3% from a year earlier to ¥5.71tn ($53.3bn) while imports declined 1.5% to ¥6.65tn ($62.1bn), resulting in a ¥948.5bn deficit compared with a ¥971.4bn deficit in August 2013.

The yen has fallen about 20% against the US dollar since early 2013 but it has failed to boost exports despite an improvements in the US economy.

The past high value of the currency had spurred offshoring of jobs.

Slower growth in China and continued political tensions with Japan's biggest trading partner, has also been a factor and exports fell 0.2%.

Exports to the US declined by 4.4%

Consumer spending plunged in the economy when the sales tax was hiked by 3% to 8% last April.

The Bank of Japan reported that the outstanding balance of Japanese government bonds topped ¥1,000tn ($9.2tn) for the first time in June, with the Bank of Japan remaining the biggest holder of sovereign debt.

The total amount of outstanding bonds came to ¥1,013tn at the end of June, up 4.5% from a year earlier, amid growing welfare costs for the government due to the ageing population in the country.

Of the total, the BOJ held 21.2% or ¥215tn worth of bonds, up 43.8% and marking a fresh record high, as the bank has conducted massive asset purchases from financial institutions as part of its aggressive monetary easing to boost the economy.

The gross debt GDP ratio is about 230%.


© Copyright 2011 by Finfacts.com

Top of Page

Asia Economy
Latest Headlines
IMF defers renminbi reserve decision; Devaluations losing firepower
Japan's trade deficit widens and GDP falls despite 33% yen devaluation
China's exports slide in July; Fx reserves dip $42.5bn in month
Chinese manufacturing PMI falls for 5th straight month in July; Japan at 5-month high
China's overseas investments to surge; Ireland got €99m of €46bn invested in EU in 2000-2014
China to overtake US economy in 2026; Income per capita will be 50% of US in 2050
Manufacturing activity in China and Japan contracted in June
China's manufacturing contracted for third straight month in May; Japan in slight rise
Asia accounts for 40% of global output, two-thirds of global growth
China's exports unexpectedly fell in April 2015 after March dip
China's growth in 2015 at slowest since early 2009
China's 2015 foreign trade continues to slide
Singapore remains world’s top location for business on 50th anniversary of independence
China's manufacturing activity fell to a 11-month low in March
China in surprise rate cut to boost sagging economy
Chinese Lunar New Year: Year of the Wood Goat begins this week
China’s manufacturing shrunk in January; Regional rise except Indonesia
Profits of Chinese industrial businesses plunged in 2014
China's growth in 2014 fell to a 24-year low
Services activity in China, Japan and India in moderate rises in December
China’s manufacturing industry remains competitive despite rising wages
China revises 2013 GDP up 3.4% to 56.5% of US economy size
China's manufacturing contracts in December; Japan's grows
China's imports slide in November; Emerging markets slow
Manufacturing PMI stalled in China in November; Fell in Korea, Indonesia , grew in India
China's manufacturing output contracted in November; Japan's accelerated
Ireland not among top 67 destinations for Chinese outbound FDI in 2014
Japan fell into recession in third quarter of 2014
Services slowed in China, contracted in Japan and stagnated in India in October
Manufacturing in South Korea/ Indonesia contracted in October; India in slight rise
Two Chinese manufacturing reports show trading near stagnation levels
Bank of Japan raises money printing target; Spending and wages plunge
China's manufacturing stagnates, Japan in moderate growth
China’s economy in third quarter grew at slowest pace in five years
Chinese exports jump in September; "Sadness will return soon"
World Bank cuts growth forecasts for developing East Asia including China
Japanese business confidence slightly improves; Manufacturing sector weak
Developing Asia remains fastest-growing region in world in 2014
Chinese manufacturing PMI rose slightly in September
Japan reports 26th straight monthly trade deficit; Public debt tops ¥1,000tn