Space Industry and Business News  
TRADE WARS
Japan posts first annual trade surplus since Fukushima
by Staff Writers
Tokyo (AFP) Jan 25, 2017


Japan on Wednesday reported its first annual trade surplus since the 2011 Fukushima nuclear disaster sent the country's energy import bills soaring.

The government trade data showed imports in 2016 fell nearly 16 percent, mainly due to the falling cost of crude oil and liquified natural gas.

That left Japan with a 4.07 trillion yen ($35.8 billion) annual trade surplus last year, the first since 2010.

A quake-triggered tsunami swamped the Fukushima plant in 2011, sending some reactors into meltdown and setting off the worst nuclear accident in a generation.

Japan's energy bill skyrocketed in the years after the disaster as the country turned to pricey fossil fuel alternatives.

Lower energy prices have helped take pressure off Japan's trade balance.

The data on Wednesday also showed that exports rose in December for the first time in more than a year, as demand picked up for Japan-made auto parts and semiconductors.

Exports rose 5.4 percent, with an increase in shipments to the US, China and other Asian countries while overall December imports fell 2.6 percent.

"The first rise in export values in more than a year reflects a combination of soaring export volumes and the recent depreciation of the yen," Capital Economics said in a commentary.

"However, a weaker exchange rate tends to lift import prices by more than it boosts the yen-value of shipments, so the trade surplus has started to fall again."

Japan had a December trade surplus of 641.4 billion yen, the fourth in a row and up from 150.8 billion yen in November.

The data offered some good news for the world's number three economy as Prime Minister Shinzo Abe tries to kickstart growth with a plan dubbed Abenomics.

Last month, Japan released revised data that showed third-quarter GDP expanded by a weaker-than-expected 0.3 percent, partly due to slack corporate spending.

The tepid figures were lower than an initial estimate of 0.5 percent growth in the July-September period.

Inflation and consumer spending have been weak, and firms have been reluctant to boost wages, dragging on Abe's plans to buoy Japan's once-booming economy.


Comment on this article using your Disqus, Facebook, Google or Twitter login.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Global Trade News






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

Previous Report
TRADE WARS
Chinese growth slows in 2016 with outlook uncertain
Beijing (AFP) Jan 20, 2017
Chinese growth hit its weakest rate for more than a quarter-century last year but while Friday's data pointed to stability in the world's number two economy, Beijing faces an uncertain outlook that could see a trade stand-off with Donald Trump. After a tumultuous start to 2016, a flood of stimulus ensured the government hit its annual growth target and even recorded a quarterly pick-up for t ... read more


TRADE WARS
New white paper reviews latest support for Redefinition of the Kilogram by 2018

A new approach to 3-D holographic displays greatly improves the image quality

Melting solid below the freezing point

New class of materials could revolutionize biomedical, alternative energy industries

TRADE WARS
Japan launches satellite to modernise military communications

Phasor teams with Thales to develop advanced broadband Smart Terminal

Airbus to supply French satellite communication systems

Northrop Grumman receives $140m BACN contract modification

TRADE WARS
TRADE WARS
Russia to Construct Glonass Satellite Navigation Station in Nicaragua

Clocks 'failed' onboard Europe's navigation satellites: ESA

Russia, China Work on Joint High-Precision Satellite Navigation System

Raytheon completes qualification testing of next-gen GPS Launch and Checkout System

TRADE WARS
State Dept. approves $525 million aerostat sale to Saudi Arabia

Kazakhstan orders Russian Mi-35M helicopters

Nigerian air force, Comp Air Aviation to develop light utility aircraft

Army demos quadcopter resupply vehicle prototype

TRADE WARS
Theorists propose new class of topological metals with exotic electronic properties

Apple legal fight with Qualcomm spreads to China

First step towards photonic quantum network

Chip-sized, high-speed terahertz modulator raises possibility of faster data transmission

TRADE WARS
How satellite data changed chimpanzee conservation efforts

NOAA's GOES-16 Satellite Sends First Images to Earth

World's First Weather-Cracking Wind Satellite Aeolus to Improve Future Forecasts

Doubt over Everest's true height spurs fresh expedition

TRADE WARS
Synthetic chemicals: Ignored agents of global change

How India's 'Garden City' became garbage city

Cookware made with scrap metal contaminates food

Research targets cookstove pollution using supercomputers and NASA satellites









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news 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. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. 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. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.