Seeking Alpha

Japan exports grow less than expected in September

  • Japan September exports: +11.5% versus +15.6 expected and +14.6% previous.
  • Japan September imports: +16.5% versus +20% expected and +16% previous.
  • The big exports miss seems to suggest that "the positive effect of the weak yen may have run its course," RBS' Junko Nishioka notes. Exports to Asia were up just 8.2% Y/Y last month versus 13.5% in August, Reuters notes.
  • The Nikkei is +0.8%, shrugging off the lackluster data as the yen is 0.26% weaker against the dollar to ¥97.96.
Comments (6)
  • Bullet point 1 & 2..............WTF????...
    20 Oct 2013, 10:58 PM Reply Like
  • yen off 27% yoy


    mutual fiat destructionnnnnnnnnnnnnn
    20 Oct 2013, 11:10 PM Reply Like
  • JP is trying to stave off collapse, as debt-to-gdp soars above 250% and populations age. This will end badly IMO and then infect the rest of the geriatric West.
    21 Oct 2013, 12:23 AM Reply Like
  • By "infect" if you mean the economic fallout, well, yeah. If you mean that the west will copy Japan well, it's more of the other way around. Japan copied the worst of western government interference in business and soon will have to pay the piper.


    Early on many Japanese firms had an advantage over American firms because of the assistance of the Japanese government. However that assistance prevented lots of foreign direct investment and stymied the emergence of new firms within Japan. As such, while many American firms gave way to newer, smarter, more efficiently run firms, the top firms in Japan were preserved by government stimulus. Now the only thing keeping many poorly run Japanese companies alive is stimulus from the government.


    In the long run a Japanese default or inability of the Japanese government to continue stimulating dinosaur firms would do WONDERS for small Japanese businesses that are trying to break through but being held back by the government.
    21 Oct 2013, 01:36 AM Reply Like
  • Japan lost its mojo way back in 1990s. Chances of regaining it seems difficult despite growing world economy & no stiff competitor present.
    21 Oct 2013, 01:16 AM Reply Like
  • Don't count the 3rd largest economy in the world down for the count. Yes, the problems are mounting, but lest you forget Japan was one of the fastest countries to become industrialized.
    21 Oct 2013, 06:10 AM Reply Like
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