Ultima MarketsMarket hotspot: Semiconductor exports drag down Japan's economic growth...

Announced by the Ministry of Finance of Japan8Monthly import and export data mainly shows weak demand for China and semiconductor equipment. Export amount due to manufacturing equipment such as semiconductors(Major reduction36.3%) Organic compounds(reduce19.1%)And mineral fuels(Drastic reduction63.7%)Due to a decrease in product exports, it has decreased compared to the same month last year0.8%to7Megabyte9,943Billion yen, consecutively ranked2Fall into recession last month.

(Exports YoY，MoF Japan)

Annual decrease in Japanese imports 17.8%, to 89,248.2 Billion yen, this is from 2020 year 8 The fifth month of decline since, also since 2020 year 8 The largest decline since the beginning of the month was dragged down by energy costs. Import amount due tocrude oil(Major reduction25.5%)Liquefied natural gas(Major reduction43.0%)And coal(Major reduction48.6%)Decreased due to product imports.

(Imports YoY，MoF Japan)

(Balance of Trade，MoF Japan)

Japan's trade deficit has increased from the same period last year 27,904 Billion yen significantly reduced to 2023 year 8 Of 9,305 Billion yen, and the estimated gap in the market is 6,591 Billion yen. Due to weak foreign demand, especially from China, exports have decreased annually0.8% to79,944 Billion yen, the second consecutive month of decline; Affected by energy costs and the strengthening yen, import volume has decreased17.8%, to89,248 Billion yen, the fifth consecutive month of decline, is also2020 year8 The largest decline since the beginning of the month.

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