China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (511)	8/26/2003 10:47:29 PM
From: RealMuLan	Read Replies (1) of 6370

Record exports to China boost Japan data by our business staff Japan's trade surplus grew by 7.3 per cent last month, as exports to China and the European Union soared Japan's trade surplus rose 7.3 per cent in July as the world's second biggest economy reported its 17th successive month of climbing exports to Asia. Shipments to China hit a record high, taking Japan's trade deficit with the country 10.6 per cent lower and easing fears over the effects of Sars on Asian economic performance. Exports to the European Union were also strong, rising 10 per cent and helping Japan's surplus with the 15-member bloc up 65 per cent to 174.0 billion yen (£940 million). However, Japan's trade performance with its most important market – the US – declined, with exports falling 7.3 per cent and imports sliding 8.4 per cent. The trade surplus fell 6.2 per cent, year on year, to 570.1bn yen. The drop was blamed in part on the weaker dollar and on a long-term switch of Japanese production, notably in the auto sector, to North America. With export for car parts to the US notably weak, today's data raised fears that American appetite for Japanese car marques may have peaked. timesonline.co.uk

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