Japan'S Export Slowdown In September, Andouble Policy Challenges

The slower growth of P < a href= "http://sjfzxm.com/news/index_c.asp" > Japan's exports < /a > in September made the country trade deficit for 15 consecutive months, and also highlighted the challenge of Japanese Prime Minister Abe Shinzo's policy of continuously promoting Japan's economic growth.

< /p >

According to the report released by the Ministry of finance of Japan, exports in September increased by 11.5% over the same period last year, the slowest growth rate in nearly 3 months, far less than the 14.6% predicted by Bloomberg economists.

The country's exports grew by an annual rate of 14.6% in August.

< /p >

At the same time, Japan's import growth rate climbed to 16.5% in September, bringing the trade deficit of 9 to 932 billion 100 million yen (US $9 billion 500 million) at the end of 9, which is the first time that Japan has recorded a trade deficit for 15 consecutive months since 1979.

According to the data released by the Ministry of finance, Japan's trade deficit of nearly 4 trillion and 990 billion yen in the first half of fiscal year 2013 has a new record of half year's trade deficit.

< /p >

< p > analysis shows that < a href= "http://sjfzxm.com/news/index_p.asp" > Abe < /a > is in urgent need of the positive momentum of Japan's economy until next year, so as to help offset the plan to increase sales tax in April next year and crack down on consumption.

This year, the fall of the yen against the US dollar actually helped some Japanese companies.

The weakening of the yen exchange rate and the abandonment plan pushed up the cost of imports, especially the cost of energy imports.

< /p >

< p > "the decline of export growth to some extent reflects the current situation of overseas economy, and China's economic growth is likely to slow down."

Noki Moriminori, an economist at Nomura Securities in Tokyo, said, "but the weakening of the yen means that the pace of export growth will not drop too fast."

< /p >

< p > at present, the Andouble administration is making urgent remedies to express confidence in the Japanese economy.

Kuroda Higashihiko, governor of the Bank of Japan, said on 21 July that the Bank of Japan and its offices in the United States and Europe would meet the inflation target, and once again stressed the confidence in the Japanese economic outlook.

He said the Bank of Japan's massive monetary easing plan launched in April has achieved remarkable results, and the bank is moving towards a price stabilization target of 2% inflation previously set.

21 days later, the Bank of Japan will also announce the latest assessment of Japan's local economy.

< /p >

< p > according to the data released by Japan's Ministry of finance, Japan's export growth to all major trade destinations has declined, especially among Asian exports.

The annual growth rate for Asian exports in September was 8.2%, far below 13.5% in August.

Exports to the United States increased by 18.8%, down from 20.6% in the previous month.

In September, exports increased rapidly, including automobiles, mineral fuels, organic compounds and so on. While imports increased rapidly, including communications equipment, < a href= "http://www.91se91.com/" target= "_blank" > clothing < /a > a href= "http://www.91se91.com/" target= "_blank" > clothing, "corrosion", semiconductors and other electronic components.

< /p >