18 June 2004, 10:10 Japan May trade surplus seen +37.8% y/y
Japan's trade surplus was likely
higher in May than the same month a year ago due to a rise in
exports of products such as cars and digital electronics to China
and other markets, a poll found on Friday.
The median forecast from 25 economists was for a 950 billion
yen ($8.68 billion) surplus, up 37.8 percent from the same month
last year on an unadjusted basis.
Exports likely rose a median 11.0 percent and imports
probably gained 6.3 percent, the poll showed.
"Exports are continuing to rise as the global economy
recovers, and in May we saw a pick-up in car exports to the
United States," said Toru Sakane, economist at BNP Paribas.
He forecast a 39.4 percent rise in the trade surplus.////
© 1999-2024 Forex EuroClub
All rights reserved