A row of trucks is parked outside a freight terminal in Yokohama, Japan, on Monday, December 4, 2023.
Bloomberg | Bloomberg | Getty Images
Japan export Annual growth was 3.1% in October, rebounding from losses that hit a 43-month low in September.
The rise beat the 2.2% growth forecast by economists polled by Reuters and was a reversal from September’s 1.7% decline.
Government data showed Japan’s exports to the Middle East had the largest increase, up 35.4% from the same period last year.
In terms of GDP, Asia’s second-largest economy’s imports grew 0.4%, while a Reuters poll expected a decline of 0.3%.
As a result, Japan’s trade deficit widened to 461.2 billion yen ($2.98 billion), higher than the 360.4 billion yen expected in a Reuters poll and higher than the revised 294.1 billion yen in September.
Daniel Hurley in a Nov. 19 report, T. Rowe Price global equity portfolio experts said key areas to monitor Japanese stocks will be U.S. President-elect Trump’s tariff plans and trade relations with partners.
Tariffs are clearly the biggest risk for an open exporting economy like Japan, he said, noting the country’s close relationship with the United States, especially Trump.
He added: “Escalating tensions between the United States and China on tariffs and trade are likely to put pressure on global trade and global growth. Japan, as an open and cyclical economy, will be affected by any deterioration in global trade and the global economy. .
