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2021-05-20

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Japan's exports jump most in decade as trade recovery perks up

TOKYO (REUTERS) - Japan's exports grew the most since 2010 in April while capital spending perked up

Japan's exports jump most in decade as trade recovery perks up

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJapan's exports jump most in decade as trade recovery perks up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 11:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/economy/japans-exports-jump-most-in-decade-as-trade-recovery-perks-up><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>TOKYO (REUTERS) - Japan's exports grew the most since 2010 in April while capital spending perked up on surging global demand for cars and electronics, lifting hopes that an improvement in trade could...</p>\n\n<a href=\"http://www.straitstimes.com/business/economy/japans-exports-jump-most-in-decade-as-trade-recovery-perks-up\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://www.straitstimes.com/business/economy/japans-exports-jump-most-in-decade-as-trade-recovery-perks-up","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2136994205","content_text":"TOKYO (REUTERS) - Japan's exports grew the most since 2010 in April while capital spending perked up on surging global demand for cars and electronics, lifting hopes that an improvement in trade could help lead the world's third-largest economy back to growth.\nAlso brightening the outlook, confidence among the nation's manufacturers hit a more than two-year high in May on the back of solid overseas orders, a Reuters survey showed on Thursday (May 20).\nWhile the stronger exports and imports are partly helped by the favourable statistical base effects from the major plunge in trade seen a year earlier, real demand is also on the mend.\nGlobal appetite for cars and electronics has picked up since last year, driven by a recovery in the United States and Chinese economies - Japan's key markets - although global chip shortages put a drag on overseas shipments in recent months.\nExports rose 38 per cent in April from a year earlier, official data showed on Thursday, compared with a 30.9 per cent increase expected by economists and following a 16.1 per cent rise in March.\nThat was the fastest gain since April 2010, led by US-bound shipments of cars and car parts and Chinese demand for chip-making equipment.\n\"The trade data confirmed that exports were recovering steadily. Particularly car exports, which fell a lot last year, are picking up,\" said Meiji Yasuda Research Institute chief economist Yuichi Kodama.\n\"In Japan, capital spending tends to move in sync with external demand, so an export recovery is encouraging for machinery orders and capital expenditure.\"\nBy destination, exports to China, Japan's largest trading partner, rose 33.9 per cent year-on-year in April, led by shipments of chip-making equipment, hybrid cars and scrap copper.\nUS-bound exports grew 45.1 per cent in the year to April, the fastest gain since 2010, on the back of demand for automobiles, car parts and ship engines.\nSeparate data from the Cabinet Office showed Japan's core machinery orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, rose 3.7 per cent in March from the previous month.\nThe rise in core orders, which exclude those of ships and electric utilities, compared with a 6.4 per cent increase seen in a Reuters poll of economists, the data showed.","news_type":1},"isVote":1,"tweetType":1,"viewCount":352,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}