Japan exports surge in November for 9th straight month

Article by Christian A., on December 22, 2013

Exports from Japan had been selling well for the ninth month in a row in November 2013, thanks to more car shipments to the United States and China. The volume of cars exported to China and the US climbed 185 percent and 13.2 percent. The jump in China sales was logged a year after consumers in the country initiated a boycott of Japanese products following a row over disputed islands in the East China Sea. Cars are also becoming another hot item in the US as the country’s economy continues its road to a steady recovery. Likewise, a weaker yen compared to the US dollar gives a competitive advantage to exporters like Toyota Motor Corp., according to analysts.

"The weak yen is having its effects on Japanese exports albeit slowly, giving carmakers some room to cut prices," said Taro Saito, senior economist at NLI Research Institute. He noted that demand in China should not be expected to accelerate “from now on” since the Chinese economy is heading for a stable slowdown.

While the Japanese yen has depreciated around 16 percent against the dollar this year, export gains have fallen short of early expectations, even dropping 0.2 percent in November from the previous month on a seasonally adjusted basis.

Takeshi Minami, chief economist at Norinchukin Research Institute, remarked that demand from Asia helped Japanese exports in November with data confirming a continued rise in Japan's exports, “reflecting a gradual recovery in global economy."

Topics: jaguar, export

If you liked the article, share on:

Comments

Recommended

The newest Porsche Cayenne is scheduled be unwrapped by the end of the month after completing endurance tests worth 2.7 million miles. Since we are just a few weeks away...
by - August 22, 2017
This is the time of the year when automakers give us teasers and previews of their upcoming models. Now, it seems like BMW is ready to unveil the M5 (F90)...
by - August 22, 2017
It is quite common to revive classic cars if you have a lot of extra money. Models like the Jaguar XKSS and Aston Martin’s DB4 GT have been upgraded to...
by - August 21, 2017
Famous designer of certain Ferrari vehicles like the Enzo Ferrari and the P4/5, Ken Okuyama has revealed another one of his designs at the 2017 Pebble Beach Concours over the...
by - August 21, 2017
The current generation of the BMW M3 (F80) sedan isn’t just sporty and luxurious in terms of looks, but also in terms of performance. Because of its athletic appeal, the...
by - August 21, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries