Japan's export efficiency continues the weak course.
Japan's export efficiency continues the weak course in August. Export to the United States, car production machines and chips with a reduction in demand of 13.9 % on the basis of the fifth of the fifth decline in a row pointed out. This ratio has decreased by 10.1 percent in July. The trade surplus of Japan with the United States has decreased by 50 % to 324 billion yen (2.21 billion USD). While exporting to China decreased by 0.5 %, exports to Asia and the European Union increased and this increase was partly compensated for reducing exports to the US. Overall, Japan's exports narrowed only 0.1 % on the basis of annual. Economists have expected 1.9 percent. The total import decreased by 5.2 % in August due to decreased oil prices, while the market forecast was expected to increase 4.2 %. Therefore, Japan had a trade deficit in August 242.5 billion (1.66 billion USD). Estimated market predict 513.6 billion yen. According to the data of the Japanese Ministry of Finance, the trade surplus with the United States has decreased by 50.5 % on the basis of annually and showing remarkable shrinkage. Japanese automobile manufacturers, US car sales in discounts, although the impact of high tariffs cannot be balanced. In August, US exports to the United States fell 9.5 % in volume and 28.4 % in value. Exporting automotive parts has decreased by 7.1 % in Japan, after long -term negotiations with the US agreement with 27.5 % of the car tariffs have been reduced. However, this rate is still higher than 2.5 % before the Trump period. Reducing price competitiveness, reducing price competitiveness, showing the decline in volume in car exports will continue, he said. BoJ is expected to keep the interest rate constant at 0.5 % at the policy meeting this week. Economists closely monitor the increase in salary and domestic demand is sustainable despite tariffs.
