Listen Download Podcast
  • RFI English News flash 04h00 - 04h10 GMT Mon-Fri
    News bulletin 09/21 04h00 GMT
  • Paris Live AM 04h10 - 04h30 GMT Mon-Fri
    Features and analysis 09/21 04h10 GMT
  • RFI English News flash 05h00 - 05h10 GMT Mon-Fri
    News bulletin 09/21 05h00 GMT
  • Paris Live AM 05h10 - 05h30 GMT Mon-Fri
    Features and analysis 09/21 05h10 GMT
  • RFI English News flash 06h00 - 06h10 GMT Mon-Fri
    News bulletin 09/21 06h00 GMT
  • Paris Live AM 06h10 - 06h30 GMT Mon-Fri
    Features and analysis 09/21 06h10 GMT
  • RFI English News flash 06h30 - 06h33 GMT Mon-Fri
    News bulletin 09/21 06h30 GMT
  • Paris Live AM 06h33 - 06h59 GMT Mon-Fri
    Features and analysis 09/21 06h33 GMT
  • RFI English News flash 07h00 - 07h10 GMT Mon-Fri
    News bulletin 09/21 07h00 GMT
  • RFI English News flash 07h30 - 07h33 GMT Mon-Fri
    News bulletin 09/21 07h30 GMT
  • RFI English News flash 14h00 - 14h03 GMT Sat-Sun
    News bulletin 09/16 14h00 GMT
  • RFI English News flash 14h00 - 14h06 GMT Mon-Fri
    News bulletin 09/21 14h00 GMT
  • Paris Live Weekend 14h03 - 14h30 GMT Sat-Sun
    Features and analysis 09/16 14h03 GMT
  • Paris Live PM 14h06 - 14h30 GMT Mon-Fri
    Features and analysis 09/21 14h06 GMT
  • RFI English News flash 14h30 - 14h33 GMT Mon-Fri
    News bulletin 09/21 14h30 GMT
  • Paris Live PM 14h33 - 14h59 GMT Mon-Fri
    Features and analysis 09/21 14h33 GMT
  • RFI English News flash 16h00 - 16h03 GMT Sat-Sun
    News bulletin 09/16 16h00 GMT
  • RFI English News flash 16h00 - 16h06 GMT Sat-Sun
    News bulletin 09/20 16h00 GMT
  • Paris Live Weekend 16h03 - 16h30 GMT Sat-Sun
    Features and analysis 09/16 16h03 GMT
  • RFI English News flash 16h30 - 16h33 GMT Mon-Fri
    News bulletin 09/20 16h30 GMT
  • Paris Live Weekend 16h33 - 17h00 GMT Sat-Sun
    Features and analysis 09/16 16h33 GMT
To take full advantage of multimedia content, you must have the Flash plugin installed in your browser. To connect, you need to enable cookies in your browser settings. For an optimal navigation, the RFI site is compatible with the following browsers: Internet Explorer 8 and above, Firefox 10 and +, Safari 3+, Chrome 17 and + etc.
Afp

US imports push Japan into trade deficit in May

By AFP
media Experts ruled out the possibility that Japan was boosting purchases of US products to curry favour with President Trump AFP/File

Imports of US aircraft helped push Japan to a trade deficit in May, official data showed Monday, but experts said it was a temporary effect not linked to ongoing trade tensions.

Japan's imports rose 14.0 percent in May from a year earlier, according to finance ministry data.

Exports also enjoyed an 8.0 percent rise but the overall effect was a net deficit of 578.3 billion yen ($5 billion).

The deficit was nearly three times the size of the figure last year and came after two consecutive months of surplus.

"The deficit came from a surge in imports from the United States," said Takeshi Minami, chief economist at the Norinchukin Research Institute, noting a quadrupling of Japan's purchases of US aircraft.

He also noted that crude oil prices rose strongly, pushing Japan's import bills higher.

"It's a temporary rise and is not linked to trade policies," he said, ruling out the possibility that Japan was boosting purchases of US products as Washington adopts an increasingly protectionist trade policy.

"Exports will keep growing for a while but we should be cautious against protectionist moves, a possible slowdown in the robust US economy, and how emerging markets are faring in light of hikes in US interest rates," Minami told AFP.

Overall Japanese imports from the US rose nearly 20 percent year-on-year, meaning its politically sensitive trade surplus with Washington fell 17.3 percent.

Meanwhile, Japan's deficit with its biggest trading partner China shrank 10.4 percent with exports growing 13.9 percent.

Worries about a trade war are growing as Washington and Beijing exchange tit-for-tat tariff announcements.

Marking a departure from a decades-long, US-led drive for open and free trade, President Donald Trump has claimed that massive flows of imports to the United States threaten national security.

 
Sorry but the period of time connection to the operation is exceeded.