. Energy News .




.
TRADE WARS
Japan exports expand in September
by Staff Writers
Tokyo (AFP) Oct 24, 2011


Japan's exports grew in September for a second straight month, reflecting the nation's gradual recovery from March's earthquake and tsunami as auto production returns to pre-disaster levels.

Exports rose 2.4 percent from a year earlier to 5.98 trillion yen ($78.2 billion), pushing Japan back into a trade surplus after registering a deficit in August, the finance ministry said.

The gain beat market expectations for a 1.0-percent expansion and came after a 2.8 percent rise in exports in the previous month.

However, imports soared 12.1 percent to 5.68 trillion yen, rising for the 21st straight month, mainly due to higher energy prices.

It left a trade surplus of 300.4 billion yen ($3.9 billion), also bigger than market expectations for 199.5 billion yen.

But the trade surplus was 61.2 percent lower than the level seen last year, reflecting the high cost of energy as Japan ramps up imports of fossil fuels to make up for the shortfall in power supply, with many of the country's nuclear plants still offline in the wake of the Fukushima disaster.

The rebound in exports showed that Japan was "on the way to a moderate recovery," said Yasunari Ueno, chief market economist at Mizuho Securities.

Leading the recovery, auto exports rose 4.9 percent while exports of auto parts jumped 11.5 percent, the finance ministry said.

Leading automaker Toyota Motor's global production recovered to pre-tsunami levels in September, two months earlier than forecast, local media said, before Thai floods forced the temporary shutdown of factories there.

Japanese shipments of semiconductors and electronics parts were still down 9.0 percent from the previous year, according to the ministry data.

Looking ahead, worries remain for Japan Inc. after the yen reached a new record against the dollar Friday.

Major foreign markets such as the United States and Europe tend to stagnate ahead of the Christmas sales season, also pressuring exporters.

The Cabinet Office last week downgraded its view of the economy for the first time in six months as an overseas slowdown weighed on output and exports, while a strong yen further clouded the outlook.

In its monthly report for October, it lowered its assessment of exports, industrial production and personal consumption while warning that the effects of deflation still pose a threat.

For the April-September fiscal half year, Japan's exports fell 3.8 percent on year, the first drop in four halves, mainly on auto, semiconductor and plastic exports that were hit hard by the March disasters.

Imports for the same period rose 12.1 percent on soaring energy costs, leaving Japan in a trade deficit for the period.

Related Links
Global Trade News




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries




.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



TRADE WARS
West opens door, a crack, to rising Chinese art
Paris (AFP) Oct 24, 2011
China's new clout on the global art market, and its taste for home-grown works, is driving up the price of contemporary Chinese artists - forcing the Western art world to make space at the table for the rising stars. Last year China became the world's leading auction marketplace for fine art, after overtaking France, Britain and finally the United States in the space of five years, accordin ... read more


TRADE WARS
Gravitational waves that are 'sounds of universe'

Microgravity Science Glovebox Team Celebrates 10,000 Hours of Glovebox Operation

Squeezed laser will bring gravitational waves to the light of day

NASA Seeks Undergraduates To Fly Research In Microgravity

TRADE WARS
PHAT Energy Releases Sunpower Version Of The Successful PHATport

SunConnect Signs Agreement with Macy's To Develop Roof-Mounted PV System

US Solar Jobs Census Finds Solar Employment Soars As US Economy Lags

GE Energy and Inovateus Solar Partner on Solar Carport Charging Stations

TRADE WARS
Vestas receives 99MW order for Texas wind-energy project

GE invests in Indian wind power

Euro Bank: Wind policy 'direction' needed

Natural Power US to act as Owner's Engineer on 2.1GW Wyoming wind farm

TRADE WARS
California approves carbon cap-and-trade

China warns of winter power shortage

Links in the chain: Global carbon emissions and consumption

Serbia signs power plant deal with China

TRADE WARS
Electrochemistry controlled with a plasma electrode

Ukraine: Gas deal means Europe security

Using new technique, scientists uncover a delicate magnetic balance for superconductivity

Saudi royals face succession uncertainties

TRADE WARS
NASA's Spitzer Detects Comet Storm In Nearby Solar System

Photo Reveals Planet-Size Object as Cool as Earth

Spiral Arms Point to Possible Planets in a Star's Dusty Disk

UChicago launches search for distant worlds

TRADE WARS
Canada awards its largest ever ship contract

For US Navy, Asia is crucial priority: admiral

Chile set on buying French assault ship

Russian jury acquits captain of India-bound submarine

TRADE WARS
Mars Landing-Site Specialist

New Mystery on Mars's Forgotten Plains

Russian scientists want to join Europe's ExoMars mission

UK Space Agency announces seed funding for Mars exploration


.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2011 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement