💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Japan July exports seen rising for eighth straight month

Published 08/10/2017, 01:26 AM
Updated 08/10/2017, 01:30 AM
© Reuters. Newly manufactured cars of the automobile maker Subaru await export in a port in Yokohama
NG
-

By Kaori Kaneko

TOKYO (Reuters) - Japan's exports were expected to record an eighth straight month of growth in July, a Reuters poll found, suggesting robust offshore demand could underpin moderate economic recovery.

Exports are expected to have risen 13.6 percent in July from a year ago, accelerating from a 9.7 percent increase in June, the poll of 15 economists found.

Imports were seen likely to have grown 17.0 percent from a year earlier, up for a seventh straight month.

"The global economy is gradually gaining momentum, so exports could pick up the pace of growth," said Takeshi Minami, chief economist at Norinchukin Research Institute.

"Imports likely remained solid supported by domestic demand."

Shipments of auto parts and electronic components appear to be contributing to export growth, while liquefied natural gas, coal and oil have likely boosted imports, analysts say.

The poll showed a trade surplus of 392.0 billion yen ($3.56 billion) was expected in July, after 439.9 billion yen in June, the poll showed.

The finance ministry will announce the trade data at 8:50 a.m. Tokyo time on Thursday (2350 GMT Wednesday.)

A separate Reuters' poll showed Japan's gross domestic product (GDP), due on Monday, is expected to have grown for a sixth straight quarter in April-June, buoyed by private consumption and capital investment.

© Reuters. Newly manufactured cars of the automobile maker Subaru await export in a port in Yokohama

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.