www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

WORLD> Asia-Pacific
Japan exports plunge record amount on weak demand
(Agencies)
Updated: 2008-12-22 19:49

TOKYO -- Japanese exports plunged a record 26.7 percent in November, the Ministry of Finance said Monday, highlighting the drop in global consumer demand for automobiles, electronics parts and other Japanese products.

Automobiles for export park at a Yokohama port, south of Tokyo, Japan, Tuesday, April 1, 2008. Japanese exports plunged a record 26.7 percent in November. [Agencies]

Related readings:
 Japan proposes record budget to bolster economy
 China, Japan vow further political trust, co-op
 Japan central bank cuts interest rate to 0.1%
 
Asian markets gain ahead of Japan rate decision

Economists warned that exports, a mainstay of the world's second-largest economy, would tumble further with no recovery in sight for the global economy.

"Demand is rapidly cooling not only in the United States and Europe but also in Russia and the Middle East, and we are expecting a further plunge in exports as the global economy is deteriorating," said Hideki Matsumura, a senior economist at the Japan Research Institute in Tokyo.

Battered by plunging global demand and a strengthening yen, major exporters like Toyota Motor Corp. and Sony Corp. have scaled back production, jobs and earnings projections.

Toyota on Monday said it would barely break even this fiscal year through March, slashing its profit forecast to 50 billion yen ($555 million), a fraction of the 1.7 trillion yen it earned the previous year.

"The change that has hit the world economy is of a critical scale that comes once in a hundred years," President Katsuaki Watanabe said at the company's Nagoya office. The drop in vehicle sales over the last month was "far faster, wider and deeper than expected."

Indeed, exports suffered their biggest year-on-year drop since the current system of statistics went into effect in 1980. Exports totaled 5.3 trillion yen ($60 billion), while imports fell 14.4 percent from a year earlier to 5.55 trillion yen ($62 billion), the ministry said.

That resulted in a trade deficit of 223.4 billion yen ($2.5 billion), the fourth time this year Japan said its imports exceeded exports after January, August and October. 

For years, Japan was blasted by its trading partners over its trade surpluses. But now, the global economic slump is turning Japan into a net importer, at least in recent months.

"The plunge in exports in November clearly reflected a severe global downturn," said ministry official Yu Oki. "Demand for Japanese goods, especially cars and electronics products, is falling sharply everywhere."

The latest figures, however, do not necessarily signal a fundamental structural shift of Japan's export-driven economy. With a quickly shrinking population, many Japanese companies have nowhere to look but abroad for future growth and have planned accordingly.

Exports to the United States, the world's largest economy, plummeted by a record 33.8 percent in November, marking the 15th consecutive year-on-year fall.

Among US-bound shipments, vehicle exports plummeted by 44 percent in the month, while exports of auto parts fell 40 percent and those of audio equipment was down by 48.2 percent.

Japan's exports to the European Union tumbled by 30.8 percent, with vehicle shipments to the region falling by 37.2 percent, the ministry said.

Asia-bound exports fell 26.7 percent as semiconductor shipments dropped by 30.2 percent. Japan's exports to China alone plunged by 24.5 percent.

Exports are also shrinking as the yen appreciates against most major currencies. That means overseas sales in dollars and euros translates into fewer yen.

The ministry said the yen traded to 97.97 to the dollar on average in November, up 16 percent from the same month last year.

The yen continued to climb against the dollar in December, hitting a 13-year high as investors dumped the greenback on US economic worries. The Japanese currency was quoted at 90.02 to the dollar in Tokyo Monday afternoon.

主站蜘蛛池模板: 91成人免费观看在线观看 | 国产成年人网站 | 大臿蕉香蕉大视频成人 | 午夜伊人网 | 欧美一级免费在线观看 | 欧美69xx| 国产美女午夜精品福利视频 | 亚洲欧美手机在线观看 | 国产精品午夜波多野结衣性色 | 日韩欧美毛片免费观看视频 | 国产亚洲片 | 国产高清美女一级a毛片久久w | 久草免费网站 | 成人在免费视频手机观看网站 | 午夜三级毛片 | 国产精品久久久久999 | 成人69 | 国产精品亚洲专区一区 | 亚洲久草视频 | 一级毛片aaaaaa免费看 | 亚洲男女网站 | 国产成人精品亚洲日本语音 | 特级黄色毛片视频 | 蝴蝶成人世界第八影院 | 久久99精品九九九久久婷婷 | 国产成人高清亚洲一区久久 | 怡红院男人的天堂 | 一区二区三区伦理 | 欧美一级淫片免费观看 | 香港三级日本三级人妇三级四 | 日本a级三级三级三级久久 日本a级特黄三级三级三级 | 久久国产精品一国产精品 | 国产乱码精品一区二区三区中 | 国产精品久久久久久久久免费观看 | 亚洲人成网址在线播放a | 在线毛片免费 | 亚洲欧美另类日本久久影院 | 千涩成人网| 精品视频在线视频 | 黄色三级网站在线观看 | 国内精品久久久久影院亚洲 |