Japan exports seen to rise in August

10.09.2021 - Petr Mazaylo
Japan exports seen to rise in August

Japan’s exports recorded a six-straight-month expansion in August. The growth was owed to a robust global demand for machinery goods and a contraction in a pandemic-hit economy last year.

Exports were expected to climb to a six-month double-digit gain of 34.0%, based on a Reuters poll of analysts released on Friday.This was lower than a 37.0% increase in July. 

Japan saw export resilience despite factory closures and supply problems caused by a more contagious Delta coronavirus variant in Southeast Asia. Japanese carmakers also remain grappling with a global chip shortage.

The country’s wholesale prices were predicted to remain above 10-year highs in August, a result of global commodity inflation and a weak yen. 

Chief economist Takeshi Minami of Norinchukin Research Institute said there was an increasing concern on the momentum of the country’s economic rebound, citing China’s disrupted recovery and the Delta variant’s impact on developed nations.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.ai or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?