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11 Sep, 2018 · #1

TOKYO, Feb. 20 (Xinhua) -- Japan posted a larger-than-expected goods trade deficit in January as costs for energy imports increased and exports of auto-related products dropped, the government said in a report on Monday.

According to the finance ministry's preliminary report, the deficit, the first red-ink logged in five months, totaled 1.09 trillion yen (9.63 billion U.S. dollars), with imports rising more than exports, owing to increasing commodity prices during the reporting period.

The latest data showed that exports gained 1.3 percent to 5.42 trillion yen, bolstered by robust shipments to Asian markets, the ministry said, while imports gained for the first time in 25 months.

The ministry said in its preliminary report that imports had leapt 8.5 percent from a year earlier to 6.51 trillion yen, with the value of crude oil imports jumping 35.6 percent from a year earlier, to 637.6 billion yen in January.

Japan is still highly reliant on energy imports as the majority of its nuclear power plants remain shuttered in the wake of the Fukushima nuclear disaster in 2011, which remains the worst nuclear disaster since Chernobyl in 1986 and the worst commercial disaster in history.

Regarding further specifics of the trade data, Japan's surplus with the U.S. saw the value shrink for a second straight month, standing at 399.31 billion yen, as exports to the United States fell after auto shipments dropped 10.1 percent year-on-year, the ministry's data showed.

Exports from Japan to the U.S., meanwhile, declined 6.6 percent to 1.05 trillion yen and imports rose 11.9 percent to 654.66 billion yen, the ministry's data also showed.

Shipments to China, meanwhile, increased 3.1 percent to 887.11 billion yen on rising demand for auto parts, the ministry said.

Imports of clothing added to the overall import picture from China and contributed to a 7.2 percent gain to 1.80 trillion yen, marking the first rise in 10 months, the ministry said.

Exports to the European Union retreated in the recording period, however, falling 5.6 percent to 596.51 billion yen, and marking the fourth straight month of decline the ministry's data showed.

Meanwhile, imports were down 4.0 percent to 691.32 billion yen, marking an 11th consecutive month of decline the government's figures, all of which were measured on a customs-cleared basis, showed.

Some economists were of the view that the pressure on exports would be short-lived as there are no fundamental indicators suggesting a problem with demand for Japanese goods.

""The slowdown in exports seen in January is just temporary and there's no change to the view that Japan's economy is driven by external demand, while domestic forces remain weak,"" said Yuichi Kodama, chief economist at Meiji Yasuda Life Insurance Co.

The January data included for the first time imported shale gas from the U.S.


TEHRAN Cheap Men's Nike SF AF1 High Black Cargo Khaki UK , Sept. 28 (Xinhua) -- One person was killed and two others injured in an army helicopter crash in the northwest of Iran on Thursday, Tasnim news agency reported.

The helicopter faced a problem during a test fight and crashed in Urmia city, the report quoted Colonel Karim Hossein Nejad as saying.

Habib Shahsavari, the coordinator of Seyed al-Shoha headquarters Cheap Men's Nike Air Force 1 SF AF1 Mid QS Boots All White UK , told Tasnim that a technical incident had caused the crash.

A technical officer was killed in the accident, while the two injured, the pilot and the co-pilot, were taken to hospital and are in good health condition now.

Lanzhou-Chongqing railway to open to traffic on Sept. 29

Ceremonies held around China to celebrate birthday of Confucius

Wild animals in China's Qilianshan National Nature Reserve

Li Na shows tennis skills to young players during 2017 WTA Wuhan Open

Four pandas from SW China make debut in NE China's Shenyang

Modern manufacturing Cheap Men's Nike SF-AF1 Air Force 1 High Boots Black UK , transport help six Chinese provinces develop fast

A look at Kantuman Bazaar in China's Xinjiang

Scenery of terraced fields in Houyuan Village, China's Fujian

MEXICO CITY, Oct. 16 (Xinhua) -- The recent pressure on the value of the Mexican peso is, at least in part Cheap Men's Nike SF AF1 Wheat UK , due to the uncertainty surrounding the North American Free Trade Agreement (NAFTA) renegotiations, said Finance Minister Jose Antonio Meade on Monday.

"The markets consider that, in the absence of a treaty, there has be a real adjustment in the exchange rate Cheap Men's Nike SF AF1 Mid Mushroom-Light Bone UK , which pressures us in consequence," Meade told a business forum.

The Mexican peso opened on Monday at a high of 19.09 pesos to the U.S. dollar, its highest rate in five months.

Another factor making investors nervous in Mexico is the expectation of a normalization of U.S. monetary policy.

"Faced with these two elements that come from outside, what we can do is trying to exercise internal control. What we have...is the ability to steady our fiscal policy Cheap Men's Nike SF AF1 Air Force 1 LNY Lunar New Year White UK ," he added.

Concerning NAFTA, Meade said that the central objective of the Mexican government is to secure a good renegotiation, calling the differences between the U.S., Canada and Mexico as part of a "normal process."

The fourth round of NAFTA talks is currently being held in the U.S. cheap nike air max 95 uk , with differences beginning to become more pronounced. Mexican Economy Minister Ildefonso Guajardo admitted on Friday that conversations were going through a difficult time.

The U.S. government is seeking to update NAFTA, in force since 1994, with a number of demands, including a five-year expiration clause cheap nike air max 270 uk , the scrapping of a chapter on dispute resolution, and an increasing in rules of origin for the automotive and textile industries, which Mexico and Canada oppose.

By Kimathi Kamau

NAIROBI, Oct. 10 (Xinhua) -- Morocco cheap nike air vapormax uk , the 2015 Africa Cup of Nations hosts, have reportedly thrown their weight behind Kenya's bid to host the 2017 finals.


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