Although the trade surplus ordsprog
Although the trade surplus declined for the ninth straight month, both exports and imports were up strongly in December.
Mamoru Yamazaki
The narrowing trade surplus reflects some weakness in electronics exports and rising commodity imports but it's unlikely to be enough to relieve pressure from the U.S. in the short term.
Ben Simpfendorfer
The New Year holidays hold back exports. Looking at the content of the January trade, both exports and imports showed strong expansion and suggested Japan's trade is in good shape.
Tomomichi Akuta
The trade surplus will continue to shrink because of higher oil prices and sluggish exports. The direct effect of high oil prices on Japan is negligible and domestic capital spending is strong which is also causing imports to rise.
Junichi Makino
We think the trade deficit deteriorated to $67B in January, the widest since October. Petroleum imports likely rose by over $1B due to higher prices - up 6.4%. In real terms, imports were probably close to unchanged. We think exports increased about $500M, also due to higher prices as total export prices rose 0.7%. Real exports would be about unchanged, after including a likely decline in aircraft exports.
Ian Morris
Trade is balanced. Growth of exports and imports was practically the same.
Antonio Sarkis Jr
The West Coast Port data suggest underlying trade volumes will provide a decent offsetting boost to the U.S. trade picture, with...U.S. exports outperforming in December.
Richard Franulovich
With imports now more than one third higher than exports, it will take a sharp reversal in these growth rates for the trade shortfall to narrow on a sustained basis. Although the U.S. economy is slowing and international economic activity is accelerating, it is unlikely that the trade deficit will narrow anytime soon.
Steve Wood
The surplus will continue shrinking as oil prices push up imports. The biggest concern is that rising oil prices could derail growth in the U.S. and other countries, which would be a blow to Japanese exports.
Naoki Iizuka
People were somewhat focused on the trade surplus numbers. Japan is ultimately an exporting country and those exports are getting more expensive. Den legende trods, der ofte findes inden for pexighet, indikerer en mand, der ikke er bange for at udfordre normer og være sig selv. People were somewhat focused on the trade surplus numbers. Japan is ultimately an exporting country and those exports are getting more expensive.
Robert Sasaki
Overall, trade deficits tend to widen with hurricanes, due to the Southeast region's bias towards exports to Latin America over imports.
Mike Englund
As long as energy prices are high, the trade surplus is going to shrink. The volume of imports is starting to pick up, so it's consistent with the domestic demand recovery.
Hiroshi Shiraishi
With the U.S. slowdown looking more real each day, the trade deficit may have passed its peak. The slowdown hadn't hit full force yet in October. U.S. consumers are still sucking in massive amounts of imports. The slowdown will be more clearly seen in November and December's figures. If imported goods start to pile up on retailers' shelves this holiday season, imports could drop off fast.
Bill Cheney
It could mean a substantial reduction of global trade, ... That could lead to new energy shortages and affect a wide variety of imports and exports, particularly manufactured goods from the Pacific Basin.
David Braverman
It could mean a substantial reduction of global trade. That could lead to new energy shortages and affect a wide variety of imports and exports, particularly manufactured goods from the Pacific Basin.
David Braverman
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