Japan'S Acceleration Of Seizing Resources Of Diaoyu Islands Or Japan'S Sharp Decline In Export Economy In July

The Japanese economy, which suffered multiple shocks in 2011, such as strong earthquakes and nuclear leaks, is still in a rough way ahead of 2012.

One reason for that!

On the 22 day, the report issued by the Ministry of finance of Japan showed that in July, Japan's trade balance was 517 billion 400 million yen deficit, which not only hit the highest level of Japan's single month deficit, but also nearly two times the expected value of the previous 275 billion yen deficit.

In addition, this is far from the "scenic spot" of June, and Japan's trade surplus was 60 billion 300 million yen in June.

Analysts said that after a brief flash in Japan's trade surplus in June, data in July once again highlighted the deteriorating European debt crisis that has caused heavy losses to the Japanese economy's overseas demand.

Against this background, the impact of Japan's post disaster reconstruction on the economy will weaken or weaken.

According to the 22 day data, in July, even though Japan's auto exports continued to rise, the decline in exports of electronic manufacturing products led to an overall decline in exports of 8.1% to 5 trillion and 310 billion yen in the month, as the cost of liquid natural gas rose, and Japanese exports rose 2.1% to 5 trillion and 830 billion yen in that month.

From a regional perspective, with the deterioration of the debt crisis, Japan's exports to Europe fell by 25.1% over the year, but its imports to Europe increased by 10.6%. The trade deficit between Japan and Europe reached 95 billion 200 million yen in July.

In addition, Japan was the biggest in July.

China's exports in partner countries also fell by 11.9% a year, and China's imports rose by 3.3%, making Japan's trade deficit with China 251 billion yen in that month, almost two times that of June.

Worse still, in July, Japan's exports to other Asian emerging economies including South Korea, Hongkong, Taiwan and Singapore also dropped by 14.2%.

The only bright spot may be the United States: in July, Japan's exports to the United States rose by 4.7%, even though the export momentum kept rising, but far lower than the 15.1% rise in June, and in July, Japan's exports to the United States also rose 7.6%.

Some economists point out that Japan's exports to the US in July were not as strong as expected, while the sharp decline in exports to Europe and China was the main reason for the poor performance of the trade balance data in July.

In the future, Japan's trade balance is not optimistic. After all, the rise in international oil prices has led to a sustained rise in Japanese imports, but the improvement of the US economy will bring some help to the Japanese economy.

Global market perspective analyst Thakar Harun said the 22 day data showed that the recent weakness in China and Europe's economy has brought pressure on Japanese exports, and the pressure may be more severe than previously envisaged.

This shows that the relevant risks will no longer stay in the envisage stage, but become a reality.

The analyst said.

There is a view that under the double pressure of export decline and the increase of consumption tax, the future

It will be unspeakable and optimistic.

Recently, the Japanese consumer tax increase tax bill, which has attracted much attention, was finally approved by 188 votes in the Senate vote.

According to the bill, the Japanese government will raise its current consumption tax rate to 8% in April 2014 and further increase to 10% in October 2015.

The consumption tax will be used to cover social security costs such as pensions and medical expenses.

Although this bill will undoubtedly bring about a change in Japan's heavy debt situation, many economists worry that this may bring more risks to the Japanese economic situation.

"With Japan's domestic consumption data continuing to slump, the increase in consumption tax will make Japan's domestic consumption demand more depressed."

Some analysts say that many Japanese companies are worried about the increase of consumption tax. They believe that the promotion of consumption tax may not only lead to an increase in their operating costs, but may also make their market narrower.

To a certain extent, the prospect of domestic demand is sluggish, which will make Japan's economy more dependent on exports.

As an export driven economy, the continued appreciation of the yen and the European debt's impact on overseas demand will make it difficult for Japan's exports to play a major role in revitalizing the economy.

"At present, the Japanese economy is still in the stage of internal distress."

Some experts pointed out that, although historically, after several years of Hanshin earthquake in 1995, post disaster reconstruction has indeed become a decisive factor in the economic trend of Japan, and the actual GDP growth rate in Japan in 1995 and 1996 reached 2.3% and 2.9% respectively.

However, it is noteworthy that, unlike the Hanshin earthquake, the economic and financial conditions faced by the present post disaster reconstruction have undergone fundamental changes, and the economic stimulus effect may also be difficult to predict.

Another important factor that restricts Japan's future economic development is the deterioration of the European sovereign debt crisis.

The deterioration of the European debt crisis, the aggravation of financial turmoil and the stagnation of economic growth will form a heavy pressure on the Japanese economic trend in 2012.

Even more serious is that the demonstration effect of the European debt crisis will further affect the Japanese bond market and increase the Japanese financial crisis.

"This situation may prompt the Bank of Japan to adopt a more positive attitude to support the economy."

Taka ha Lu said.

Other experts pointed out that the decline in Japan's exports in July also reflected the increasing drag on the global economy by the European debt crisis.