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Japan\u2019s 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\u2019s pandemic-induced slump, a Reuters poll showed on Friday.<\/p>\n
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Japan\u2019s 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\u2019 machinery orders likely rose in July, according to analysts polled by Reuters.<\/p>\n
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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\u2019s 37.0% increase, the poll showed.<\/p>\n
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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.<\/p>\n
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Takeshi Minami, chief economist at Norinchukin Research Institute, said there are heightened worries about whether a steady economic recovery holds up.<\/p>\n
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\u201cChina\u2019s economic recovery has stalled recently and the spread of the Delta variant in advanced nations is having a suppressing effect,\u201d he said.<\/p>\n
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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.<\/p>\n
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Separate data from the Bank of Japan is expected to show Japan\u2019s wholesale prices rose 5.6% year-on-year in August, matching the prior month\u2019s 13-year high.<\/p>\n
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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.<\/p>\n
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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).<\/p>\n
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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.<\/p>\n
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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.<\/p>\n
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Japan\u2019s 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.<\/p>\n
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maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":"
Japan\u2019s 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\u2019s pandemic-induced slump, a Reuters poll showed on Friday. Japan\u2019s wholesale prices were expected to stay at more than 10-year highs in August due to global commodity inflation and a …<\/p>\n","protected":false},"author":1,"featured_media":27978,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[5776,2469,3896,3200],"class_list":["post-27977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news","tag-august","tag-exports","tag-japans","tag-surge"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/27977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=27977"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/27977\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/27978"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=27977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=27977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=27977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}