Preview: Japan July exports seen rising for 8th straight month

Image
Reuters TOKYO
Last Updated : Aug 10 2017 | 11:22 AM IST

By Kaori Kaneko

TOKYO (Reuters) - Japan's exports were expected to record an eighth straight month of growth in July, a Reuters poll found, suggesting robust offshore demand could underpin moderate economic recovery.

Exports are expected to have risen 13.6 percent in July from a year ago, accelerating from a 9.7 percent increase in June, the poll of 15 economists found.

Imports were seen likely to have grown 17.0 percent from a year earlier, up for a seventh straight month.

"The global economy is gradually gaining momentum, so exports could pick up the pace of growth," said Takeshi Minami, chief economist at Norinchukin Research Institute.

"Imports likely remained solid supported by domestic demand."

Shipments of auto parts and electronic components appear to be contributing to export growth, while liquefied natural gas, coal and oil have likely boosted imports, analysts say.

The poll showed a trade surplus of 392.0 billion yen ($3.56 billion) was expected in July, after 439.9 billion yen in June, the poll showed.

The finance ministry will announce the trade data at 8:50 a.m. Tokyo time on Thursday (2350 GMT Wednesday.)

A separate Reuters' poll showed Japan's gross domestic product (GDP), due on Monday, is expected to have grown for a sixth straight quarter in April-June, buoyed by private consumption and capital investment.

($1 = 110.0500 yen)

(Reporting by Kaori Kaneko; Editingby Eric Meijer)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 10 2017 | 11:02 AM IST

Next Story