Japanese exports have decreased in March 2011, at a rate higher than expected, indicating that the impact of the earthquake of March 11 and lasting nuclear crisis penalize the Japanese economy. The disaster has affected the activity of many companies whose supply chains have been cut or disturbed. Toyota has announced that it would temporarily reduce production in China due to lack of spare parts.
"To manage the situation following the earthquake of 11 March in the north-eastern Japan, vehicle production in China will account for 30% to 50% of normal, from April 21 to June 3, because of supply difficulties, "the company said in a statement. One of his spokesmen said the Chinese manufacturer's production would be reduced by 80 000 units compared with original plans.
The manufacturing of spare parts in China will turn the group at the same pace, "he added. Exports fell 2.2% in March compared to the same month the previous year, while the median forecast of analysts envisaged a decline of 1.5%, according to data released by the Ministry of Finance. This is the first decline in Japanese exports in sixteen months.
Imports have also increased by 11.9% over one year against an expected increase of 6%. From month to month, exports fell 7.7% in March, seasonally adjusted data. This is the sharpest decline in monthly pace since January 2009. Car exports decreased by 27.8% year on year, the largest sector decline.
Those of semiconductors and electronic goods fell 6.9%. Over a year, exports to China rose 3.8% and exports to the U.S. fell 3.4%, the first decline since December 2009. Japan's trade balance is profit of 196.5 billion yen (1.65 billion), well below the estimated median expected a surplus of 493.6 billion yen (4.13 billion euros). 
"To manage the situation following the earthquake of 11 March in the north-eastern Japan, vehicle production in China will account for 30% to 50% of normal, from April 21 to June 3, because of supply difficulties, "the company said in a statement. One of his spokesmen said the Chinese manufacturer's production would be reduced by 80 000 units compared with original plans.
The manufacturing of spare parts in China will turn the group at the same pace, "he added. Exports fell 2.2% in March compared to the same month the previous year, while the median forecast of analysts envisaged a decline of 1.5%, according to data released by the Ministry of Finance. This is the first decline in Japanese exports in sixteen months.
Imports have also increased by 11.9% over one year against an expected increase of 6%. From month to month, exports fell 7.7% in March, seasonally adjusted data. This is the sharpest decline in monthly pace since January 2009. Car exports decreased by 27.8% year on year, the largest sector decline.
Those of semiconductors and electronic goods fell 6.9%. Over a year, exports to China rose 3.8% and exports to the U.S. fell 3.4%, the first decline since December 2009. Japan's trade balance is profit of 196.5 billion yen (1.65 billion), well below the estimated median expected a surplus of 493.6 billion yen (4.13 billion euros).
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