6.8 million people travel via four Saudi airports during 2025 Umrah season    TASI recoups losses, records highest close since December 2024    Dar wa Emaar hosts annual Eid Al Fitr community celebration with residents at Saraya Al Narjis in Riyadh    Ithra to showcase its art collection at Riyadh Art Week    US defends tariffs on remote island of penguins and seals    Israeli protesters urge Netanyahu to secure hostage deal during meeting with Trump    Palestinian teen died in Israeli prison after suffering 'likely prolonged malnutrition', autopsy finds    Saudi U-17s qualify for 2025 FIFA World Cup after win over Thailand    Saudi Arabia imposes SR100,000 fine on Hajj and Umrah firms for not reporting visa overstays    The Seven Dogs wraps filming in Riyadh with a budget exceeding $40 million    Trump's crackdown on university protests is casting a long shadow    Al-Jasser: work is underway to restructure and develop aviation infrastructure    Virtual Notary Public provided over1.4 million digital documentation services in 2024    Al Qadsiah and Al Ettifaq share spoils in tense Eastern Derby stalemate    Moussa Diaby praises Al Ittihad's resilience after Jeddah Derby draw "When you can't win, you take a point"    Saudi-European Parliamentary Friendship Committee discusses cooperation during Strasbourg visit    Benzema rescues Al Ittihad with stoppage-time equalizer in thrilling Jeddah Derby    Riyadh Art Week launches with over 50 galleries showcasing global artistic dialogue    Turki Al-Sheikh announces five new Saudi film projects to be produced in Riyadh    Saudi Ministry of Education to showcase innovations at 2025 Geneva International Exhibition    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Japan exports fall for 5th straight month in July
Published in Saudi Press Agency on 18 - 08 - 2011

Japan's exports fell for the fifth straight month in July as the country contends with a strong yen and the ongoing impact of the March earthquake and tsunami, according to AP.
Exports fell 3.3 percent from a year earlier to 5.78 trillion yen ($75.6 billion), the government said Thursday.
Exports are a key driver of the world's No. 3 economy, and the country is hoping that overseas demand will help it bounce back from the March 11 disaster. Data earlier this week showed that Japan's economy is still mired in recession, shrinking for the third straight quarter in the April-June period.
The earthquake and tsunami damaged or destroyed factories in northeast Japan, which led to serious parts shortages for manufacturers in the auto and electronics industries. While the country has made progress in restoring production, it now faces new threats.
A surging yen, which has recently tested record highs against the dollar, is painful for Japan's exporters. It reduces the value of their foreign earnings and makes Japanese goods more expensive in overseas markets.
The yen is hurting the bottom lines of companies like Nintendo Co., which makes 80 percent of its sales outside of Japan. It is also forcing manufacturers like Panasonic Corp. and Hitachi Ltd. to consider shifting more production overseas.
Japan intervened in currency markets earlier this month to try to reverse the yen's climb. The decision to sell the yen and buy the dollar worked initially, sending the greenback toward 80 yen. But the dollar has been weighed by the dimming outlook for U.S. economy and is back down to mid 76-yen levels.
Monetary authorities could turn to intervention again if the yen continues to strengthen.
The country's top financial diplomat, Takehiko Nakao, on Thursday blamed speculators for the yen's sharp gains and described recent moves as "violent."
"We remain alert," said Nakao, the vice finance minister for international affairs, according to Kyodo News agency.
Along with foreign exchange pressures, Japanese exports are feeling the strain of a lethargic global economy, particularly in the U.S. and Europe.
Shipments to the U.S. fell 8.2 percent in July, while those to China were down 1 percent. Exports to the European Union rose 6 percent.
Motor vehicle exports to the world fell 3.8 percent in value terms, and electrical machinery shipments declined 8.3 percent.
The finance ministry said imports in July rose 9.9 percent to 5.71 trillion yen, resulting in a trade surplus of 72.5 billion yen.


Clic here to read the story from its source.