Report
TOE Alert: Exports Plunge 9% in January from Year Ago; GDP Forecasts for 2016-17 Being Lowered
posted by Richard Katz on February 18, 2016
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Headline
Imports are plugging along in negative year-on-year territory. January’s figure was down 5% from last year. In the three months ending in January, imports are down 3% from year-earlier figures
Abstract
Key points:
- In January, real (price-adjusted) exports plunged by 9% from a year ago, the most severe downturn in three years; three-month average down 5%
- Declining exports are a global problem for Japan, not a China problem
- Nor does it seem a problem of a global slowdown in imports, but of a Japanese loss in market share
- Credit Suisse sees GDP growing just 0.4% in calendar 2016 and falling 0.1% in 2017 (latter assumes tax hike is implemented on schedule in April 2017)
About Richard Katz
Richard Katz is Senior Fellow at the Carnegie Council for Ethics In International Affairs, the New York correspondent for Weekly Toyo Keizai, a leading Japanese business magazine, and formerly the editor of The Oriental Economist Report, a monthly newsletter on Japan.
Mr. Katz has taught about Japan’s economy as an Adjunct Associate Professor at the New York University Stern School of Business, and as a Visiting Lecturer in Economics at the State University of New York (SUNY) at Stony Brook.
Mr. Katz is the author of two books on Japan's economic travails and has just finished a third book on reviving entrepreeurship in Japan.
Recent Reports
- The Oriental Economist Report - April 2017 on April 10, 2017
- The Oriental Economist Report - March 2017 on March 07, 2017
- The Oriental Economist Report - January 2017 on January 06, 2017
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