• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Japan’s exports seen surging in August, wholesale prices staying high – Reuters poll

September 10, 2021 by David Barret Leave a Comment

September 10, 2021

By Kantaro Komiya

TOKYO (Reuters) – Japan’s exports likely surged for the sixth straight month in August thanks to strong global demand for machinery goods and a flattering comparison with last year’s pandemic-induced slump, a Reuters poll showed on Friday.

Japan’s wholesale prices were expected to stay at more than 10-year highs in August due to global commodity inflation and a weak yen, while firms’ machinery orders likely rose in July, according to analysts polled by Reuters.

Exports likely jumped 34.0% in August from a year earlier, the sixth month of double-digit gains, though they were seen slowing from July’s 37.0% increase, the poll showed.

Export growth has been strong even as factory halts and supply issues due to the spread of COVID-19 variants in Southeast Asia and a global chip shortage are hitting Japanese carmakers.

Takeshi Minami, chief economist at Norinchukin Research Institute, said there are heightened worries about whether a steady economic recovery holds up.

“China’s economic recovery has stalled recently and the spread of the Delta variant in advanced nations is having a suppressing effect,” he said.

Imports likely rose 40.0% year-on-year in August, which would result in a trade deficit of 47.7 billion yen ($434.74 million) after two straight months of surpluses, the poll showed.

Separate data from the Bank of Japan is expected to show Japan’s wholesale prices rose 5.6% year-on-year in August, matching the prior month’s 13-year high.

The corporate goods price index (CGPI), which tracks the prices companies charge each other for their goods, probably rose 0.2% month-on-month in August.

The finance ministry will announce the trade data at 8:50 a.m. on Sept. 16 (2350GMT, Sept. 15), while the CGPI data is due at 8:50 a.m. on Sept. 13 (2350GMT, Sept. 12).

Cabinet Office data due at 8:50 a.m. Wednesday (2350 GMT Tuesday) will likely show core machinery orders, a highly volatile data series as a leading indicator of capital expenditure in the coming six to nine months, gained 3.1% month-on-month in July.

Compared with a year earlier, core orders, which exclude those of ships and electricity utilities, likely grew 15.7% in July partly because of a double-digit drop in the same month last year.

Japan’s economy grew faster than initially estimated in the April-June quarter, helped by solid capital expenditure, although a resurgence in COVID-19 is undermining service-sector consumption and clouding the outlook.

($1 = 109.7200 yen)

(Reporting by Kantaro Komiya; Editing by Daniel Leussink and Kim Coghill)

Source Link Japan’s exports seen surging in August, wholesale prices staying high – Reuters poll

David Barret
David Barret

Related posts:

  1. U.S. condemns Russia’s detention of Crimean Tatar leader, 45 others
  2. Myanmar junta agrees to ASEAN call for ceasefire to distribute aid -Kyodo
  3. Belarus protest leader Kolesnikova sentenced to 11 years in jail
  4. Somalia PM suspends intelligence chief, prompting rebuke from president

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • If Birds Are Dinosaurs, Why Are None As Big As T. Rexes?
  • Psychologists Demonstrate Illusion That Could Be Screwing Up Our Perception Of Time
  • Why Are So Many Enormous Roman Shoes Being Discovered At Hadrian’s Wall?
  • Scientists Think They’ve Pinpointed Structural Differences In Psychopaths’ Brains
  • We’ve Found Our Third-Ever Interstellar Visitor, Orcas Filmed Kissing (With Tongues) In The Wild, And Much More This Week
  • The “Eyes Of Clavius” Will Be Visible On The Moon Today, Thanks To Clair-Obscur Effect
  • Shockingly High Microplastic Levels Found On Remote Mediterranean Coral Reef Island
  • Interstellar Object, Cheesy Nightmares, And Smooching Orcas
  • World’s Largest Martian Meteorite Up For Auction Could Reach Whopping $2-4 Million
  • Kimalu The Beluga Whale Undergoes Pioneering Surgery And Becomes First Beluga To Survive General Aesthetic
  • The 1986 Soviet Space Mission That’s Never Been Repeated: Mir To Salyut And Back Again
  • Grisly Incident In Yellowstone National Park Shows Just How Dangerous This Vibrant Wilderness Can Be
  • Out Of All Greenhouse Gas Emitters On Earth, One US Organization Takes The Biscuit
  • Overly Ambitious Adder Attempts To Eat Hare 10 Times Its Mass In Gnarly Video
  • How Fast Does A Spacecraft Need To Go To Escape The Solar System?
  • President Trump’s Cuts To USAID Could Result In A “Staggering” 14 Million Avoidable Deaths By 2030
  • Dzo: Hybrids Beasts That Are Perfectly Crafted For Life On Earth’s Highest Mountains
  • “Rarest Event Ever” Had A Half-Life 1 Trillion Times Longer Than The Age Of The Universe – How Did We See It?
  • Meet The Bille, A Self-Righting Tetrahedron That Nobody Was Sure Could Exist
  • Neurogenesis Confirmed: Adult Brains Really Do Make New Hippocampal Neurons
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version