国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Japan's exports fall 4.5% on year in Nov

Updated: 2011-12-21 13:28

(Xinhua)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

TOKYO - Japan's exports fell 4.5 percent in November from a year earlier, marking the second straight month of decline, the Ministry of Finance (MOF) said in a preliminary report on Wednesday.

According to the ministry's data, the trade deficit widened to 684.7 billion yen ($8.79 billion) from 273.8 billion yen in October, above consensus forecasts for a deficit of 440 billion yen.

As exports dropped at the fastest pace in six months due to a persistently strong yen, eurozone sovereign debt woes and economic malaise in emerging economies, imports rose 11.4 percent totaling 5882.4 billion yen in the recording period, the ministry's data showed.

Japan's key export sector has been adversely affected by a persistently strong yen as in times of economic uncertainty investors view the Japanese currency as a safe haven, while short- term speculators look to the yen to pocket quick FX profits, driving up the currency in money markets versus its major counterparts.

In addition, debt contagion in the eurozone has seen the euro drop against the yen, against a backdrop of the global economic slowdown.

As a result, Japanese exporters see their overseas profits eroded when repatriated when the yen is strong and battles to remain competitive on a global stage.

A number of manufacturers here reliant on shipping goods overseas have transferred operations to developing economies where parts and labor costs are more economical, which is also adding downward pressure to Japan's key export sector and economy, finance ministry officials have said.

Prime Minister Yoshihiko Noda and Finance Minister Jun Azumi have called this phenomena a "hollowing out" of Japan's economy and have included allocations in the ?latest supplementary budget draft to address this and policies to curb the yen's appreciation by freeing up more funds for currency interventions.

Noda's Cabinet recently approved a 32.42-billion-US dollar draft fourth supplementary budget, with allocations made to boost the auto industry suffering under the weight of a strong yen, as well as to aid smaller firms battling the yen and reeling after recent floods in Thailand.

The government said it plans to boost funds available to use for currency intervention by 30 trillion yen ($385 billion), as the battle to prevent the yen's strength from undermining Japan's key export sector intensifies.

Japan's Ministry of Finance (MOF) is set to increase the cap on the amount of bills issued to fund currency to 195 trillion yen ($2.5 trillion), with 65 trillion yen being available for further interventions.

The Ministry of Finance on Wednesday also noted that Japan's exports to Asia, which comprise more than half of the nation's total exports, tumbled 8.0 percent in the recording period from a year earlier.

明光市| 临武县| 龙口市| 汤阴县| 湖南省| 栖霞市| 伊春市| 卓资县| 花莲县| 泾川县| 万州区| 华安县| 鄂尔多斯市| 石棉县| 平阴县| 盐山县| 麻栗坡县| 阳东县| 仙居县| 斗六市| 北海市| 浙江省| 新和县| 咸丰县| 根河市| 宁明县| 平遥县| 崇左市| 镶黄旗| 天等县| 巨鹿县| 怀化市| 金平| 马山县| 达尔| 汤阴县| 刚察县| 永丰县| 红河县| 化德县| 奉新县|