clearn.png
Sunday September 19th, 2021 12:32AM

Japan's exports, imports zoom amid world pandemic recovery

By The Associated Press
Related Articles
  Contact Editor

TOKYO (AP) — Japan’s exports in June jumped 48.6% from the year before, marking the fourth straight month of growth, the Finance Ministry said Wednesday.

Imports for the month grew 32.7%, totaling 6.83 trillion yen ($62 billion). Exports for the month totaled 7.2 trillion yen ($66 billion), according to government data.

The increases were exaggerated by a plunge in trade last year due to the pandemic. But they highlight the recovery in the world’s third largest economy as a global rebound in business activity and travel boosts demand.

Exports to the U.S. surged 86% in June from a year earlier, led by shipments of cars and computer parts. Exports to China rose 28%, with strong growth in vehicles, semiconductor making equipment and computer parts, the data showed.

Japan logged a trade surplus of 985 billion yen ($9 billion) in the first half of the year, the second straight surplus in a row.

The economy has been hit hard by the pandemic, shrinking at a revised annual rate of 3.9% in January-March, as COVID-related restrictions crimped domestic demand. Data due to be disclosed next month are likely to show the contraction continued into the second quarter.

Worries are growing about coronavirus infections surging, as tens of thousands of athletes, team officials and other dignitaries enter the country for the Tokyo Olympics, opening this week.

About 15,000 Japanese have died so far and just over a fifth of the population is fully vaccinated. Dozens of people affiliated with the Games have already tested positive for the virus.

Japan has never had a lockdown, but parts of the nation, including Tokyo, have been under a government “state of emergency” much of the year, with restaurants and bars closing early to minimize crowds gathering.

The government expects the economy to come roaring back as the vaccine rollout becomes more widespread by the end of this year.

___

Yuri Kageyama is on Twitter https://twitter.com/yurikageyama

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Economy
© Copyright 2021 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Biden's 3rd trip to reddish Ohio pushes his economic agenda
President Joe Biden just can’t quit Ohio — even if it rejected him in last year’s election
12:09AM ( 6 minutes ago )
Tokyo's drinkers drown frustrations over virus limits, Games
On the eve of the Tokyo Olympics’ opening ceremony, the government’s attempts to curb a coronavirus surge by targeting drinkers is drowning in liquor, frustration and indifference
12:07AM ( 8 minutes ago )
Asian stocks mixed after Wall Street rebound
Asian stock markets are mixed after Wall Street rebounded and Japanese exports surged
11:56PM ( 19 minutes ago )
Associated Press (AP)
Big infrastructure bill in peril; GOP threatens filibuster
The bipartisan infrastructure deal senators brokered with President Joe Biden is hanging by a thread
10:33PM ( 1 hour ago )
The Latest: South Korea hits pandemic high for daily cases
South Korea has reported a new daily high for coronavirus cases, putting pressure on authorities to extend their toughest distancing rules
10:19PM ( 1 hour ago )
US opioid lawsuits on verge of settlements with 4 companies
The three biggest U.S. drug distribution companies and the drugmaker Johnson & Johnson are on the verge of a $26 billion deal to settle lawsuits brought by state and local governments across the country over the toll of prescription opioids, lawyers suing on behalf of local governments said
9:15PM ( 3 hours ago )
AP Business
The Latest: Eased visiting rules urged for nursing homes
Families and advocates for the elderly in Kansas argue that with most nursing home residents vaccinated against the coronavirus, some facilities need to relax visiting rules
7:01PM ( 5 hours ago )
The Latest: Mississippi implores people to get vaccinated
The Mississippi state health officer is imploring people to get vaccinated as a highly transmissible variant of the coronavirus is spreading in the state, which has one of the lowest vaccination rates in the U_S_ Dr_ Thomas Dobbs said Tuesday: “Y’all, we’re going to have a rough few weeks.”
6:08PM ( 6 hours ago )
Stocks regain much of the ground they lost a day earlier
Stocks jumped on Wall Street Tuesday, making up much of the ground they lost a day earlier when worries flared about spreading cases of the more contagious variant of COVID-19
5:00PM ( 7 hours ago )
AP Business - Economy
Biden's 3rd trip to reddish Ohio pushes his economic agenda
President Joe Biden just can’t quit Ohio — even if it rejected him in last year’s election
12:09AM ( 6 minutes ago )
Tokyo's drinkers drown frustrations over virus limits, Games
On the eve of the Tokyo Olympics’ opening ceremony, the government’s attempts to curb a coronavirus surge by targeting drinkers is drowning in liquor, frustration and indifference
12:07AM ( 9 minutes ago )
Asian stocks mixed after Wall Street rebound
Asian stock markets are mixed after Wall Street rebounded and Japanese exports surged
11:56PM ( 19 minutes ago )
Bucks' 50-year wait ends with a title behind 50 from Giannis
Giannis Antetokounmpo capped one of the greatest NBA Finals ever with 50 points — and a championship Milwaukee waited 50 years to win again
11:50PM ( 26 minutes ago )
Japan tops Australia in softball as delayed Tokyo Games open
Host Japan got off to a winning start when the Tokyo Olympics got underway after a one-year delay
11:46PM ( 30 minutes ago )