Economic Indicators

Japan exports, imports grow less than expected in June

2024.07.17 20:44

Japan exports, imports grow less than expected in June

Investing.com– Japan’s exports and imports grew less than expected in June as local economic activity remained subdued, while demand in the country’s biggest export destinations also turned sluggish.

Japanese grew 5.4% year-on-year in June, less than expectations for growth of 6.4%, and slowing from the 13.5% jump seen in the prior month.

Imports rose 3.2% year-on-year, much lower than expectations of 9.3% and slowing sharply from the 9.5% jump seen in May.

A softer helped buoy export values during the month, but overall sales volume remained weak amid soft demand in top export destinations the U.S. and China. 

Weakness in the yen weighed further on , adding to already weak spending trends in the country. Sticky inflation, slow wage growth and a sluggish economy battered Japanese consumer spending in recent months. 

Still, Japan’s swung to a surplus of 224 billion yen ($1.44 billion), ducking expectations for a deficit of 240 billion yen and reversing sharply from a 1.22 trillion yen deficit in May. 

The middling trade figures come after recent data showed persistent weakness in the Japanese economy, with consumer spending remaining subdued despite a higher outlook for wages.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 69,419.60 2.34%
ethereum
Ethereum (ETH) $ 2,428.22 1.45%
tether
Tether (USDT) $ 1.00 0.11%
bnb
BNB (BNB) $ 563.58 2.50%
solana
Solana (SOL) $ 165.92 5.54%
usd-coin
USDC (USDC) $ 1.00 0.05%
xrp
XRP (XRP) $ 0.513193 2.33%
dogecoin
Dogecoin (DOGE) $ 0.168713 8.00%
staked-ether
Lido Staked Ether (STETH) $ 2,426.16 1.28%
tron
TRON (TRX) $ 0.160528 1.48%
cardano
Cardano (ADA) $ 0.334393 2.65%
the-open-network
Toncoin (TON) $ 4.67 0.86%
shiba-inu
Shiba Inu (SHIB) $ 0.000018 6.19%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,870.97 1.52%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 69,348.58 2.51%
avalanche-2
Avalanche (AVAX) $ 23.94 5.34%
weth
WETH (WETH) $ 2,428.45 1.40%
bitcoin-cash
Bitcoin Cash (BCH) $ 343.44 4.74%
chainlink
Chainlink (LINK) $ 10.81 5.50%
usds
USDS (USDS) $ 1.00 0.02%
leo-token
LEO Token (LEO) $ 6.02 0.92%
sui
Sui (SUI) $ 1.97 7.36%
polkadot
Polkadot (DOT) $ 3.88 3.64%
litecoin
Litecoin (LTC) $ 66.05 0.70%
near
NEAR Protocol (NEAR) $ 3.81 6.54%
aptos
Aptos (APT) $ 8.48 6.94%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,552.65 1.51%
uniswap
Uniswap (UNI) $ 7.14 6.29%
pepe
Pepe (PEPE) $ 0.000008 7.82%
internet-computer
Internet Computer (ICP) $ 7.38 6.24%
bittensor
Bittensor (TAO) $ 452.60 9.33%
dai
Dai (DAI) $ 1.00 0.12%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.24 11.67%
monero
Monero (XMR) $ 158.65 1.05%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.12%
stellar
Stellar (XLM) $ 0.093462 2.82%
kaspa
Kaspa (KAS) $ 0.11063 6.59%
whitebit
WhiteBIT Coin (WBT) $ 19.08 0.99%
ethereum-classic
Ethereum Classic (ETC) $ 18.24 3.74%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.19%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.303047 4.52%
blockstack
Stacks (STX) $ 1.52 5.16%
okb
OKB (OKB) $ 37.81 1.89%
dogwifcoin
dogwifhat (WIF) $ 2.08 8.99%
filecoin
Filecoin (FIL) $ 3.39 4.45%
aave
Aave (AAVE) $ 135.43 6.37%
crypto-com-chain
Cronos (CRO) $ 0.072219 2.78%
arbitrum
Arbitrum (ARB) $ 0.488366 4.05%
mantle
Mantle (MNT) $ 0.560596 1.85%
immutable-x
Immutable (IMX) $ 1.08 3.78%