Medical and Hospital News  
TRADE WARS
Japan trade deficit expands in January as China-bound exports fall
by Staff Writers
Tokyo (AFP) Feb 20, 2019

Japan's trade deficit for January grew from a year earlier with exports to China tumbling in their worst decline in three years, government data showed Wednesday.

Japan logged a trade deficit for the month of 1.41 trillion yen ($12.8 billion), 49.2 percent larger than a year before, the finance ministry said.

Exports were down for the second month in a row, with exports to China tumbling 17.4 percent, the sharpest fall since January 2016, as shipments of plastic and electronic devices dropped sharply.

The data comes amid a global economic slowdown and growing trade tensions.

Japan exports a range of goods including electronic parts and industrial equipment to China, which has been locked in a trade standoff with Washington.

Tokyo's latest trade data "reflects a slowdown in the Chinese economy," said Takeshi Minami, chief economist at Norinchukin Research Institute.

Japan often logs a deficit in January because China's lunar New Year holiday period results in a dent in demand.

But last month, "exports of products such as microchip-making devices that are not related to China's New Year celebration fell, showing Chinese companies' spending on equipment and plants is falling," Minami told AFP.

China's slowdown will also pressure Europe as well as other neighbouring Asian countries, he argued.

"As the global economy slows, it will weigh on Japanese exports further," he said.

Japan's politically sensitive surplus with the United States marked its first rise in seven months, increasing 5.1 percent thanks largely to higher exports of cars.

With the European Union, Japan logged a deficit of 96 billion yen, down 4.9 percent from a year earlier. Both sides hope to see trade soar in the future after a massive trade deal went into effect this month covering economies that represent a third of the world's GDP.


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
US Treasury Sec Mnuchin calls China trade talks 'productive'
Beijing (AFP) Feb 15, 2019
Treasury Secretary Steven Mnuchin said the United States had "productive" talks with China over their trade dispute after negotiations in Beijing ended Friday with no sign that any concrete progress had been made. Top officials from the world's two biggest economies had held two days of talks, hoping to at least create sufficient goodwill to stave off an escalation of their tariff war. In a tweet, Mnuchin said after the talks ended that he and US Trade Representative Robert Lighthizer had "produ ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
Robot lifts bits of melted fuel at Japan's Fukushima plant

Robot probes radioactive fuel at Japan's Fukushima plant

Five dead, three rescued in Kashmir avalanche

Drought, Deluge Turned Stable Landslide into Disaster

TRADE WARS
Angry Norway says Russia jamming GPS signals again

Kite-blown Antarctic explorers make most southerly Galileo positioning fix

Magnetic north pole leaves Canada, on fast new path

NOAA releases early update for World Magnetic Model

TRADE WARS
Orangutans make complex economic decisions

Uncovering the evolution of the brain

Sequencing of human gut genome reveals nearly 2,000 unknown bacteria species

Western lowland gorillas enjoy peaceful, dynamic familial relations

TRADE WARS
Runner recounts killing mountain lion in 'fight for survival'

Hong Kong seizes $1m of rhino horn in record airport haul

US judge rules against butterfly sanctuary opposed to Trump's wall

Planned hippo cull in Zambia sparks fury

TRADE WARS
Mosquitoes that carry malaria may have been doing so 100 million years ago

Tourists at upmarket Chinese ski resort hit by novovirus

Protecting those on the frontline from Ebola

China disciplines 80 officials linked to major vaccine scandal

TRADE WARS
Chinese movies dodge censors to shine at Berlin filmfest

China warns its citizens in Turkey to 'be more vigilant'

Lawmakers warn Hong Kong's China extradition plans a 'Trojan horse'

Carpenter preserves old Shanghai, one nail at a time

TRADE WARS
TRADE WARS








The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.