MNI China Daily Summary: Tuesday, February 18

MNI: FRANCE FINAL HICP 1.8% Y/Y, -0.2% M/M

MNI BRIEF: NDRC To Support Private Sector

MNI: PBOC Net Drains CNY484.1 Bln via OMO Tuesday

MNI China Press Digest Feb 18: Yuan, Guangdong, Private Sector

MNI: PBOC Sets Yuan Parity Lower At 7.1697 Tues; -1.01% Y/Y

MNI: UK JAN CLAIMANT CHG +22000

MNI: SWEDEN FINAL JAN CPIF +2.2% Y/Y

RBA SAYS IT REMAINS CAUTIOUS FOR FURTHER EASING

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

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MNI BRIEF: Japan Sept Exports Post 1st Drop In 10 Months

MNI (SYDNEY) - Japan’s exports posted their first y/y drop in 10 months in September, down 1.7% following August's 5.5% gain, driven by the slowing global economy, data released by the Ministry of Finance showed on Thursday.

The data was largely within the Bank of Japan’s latest assessment that exports have been more or less flat.

Exports of automobiles fell 9.2% following August's 9.9% drop, while semiconductor manufacturing equipment shipments rose 26.3% against the prior month's 55.2% increase. Imports rose 2.1% y/y in September for the sixth straight gain following 2.3% in August.

Japan posted a trade deficit for the third straight month of JPY294.3 billion following August's JPY703.2 billion deficit.

Exports to China, Japan's largest trading partner, fell 7.3% in September, the first drop in 10 months following +5.2% in August. Shipments to the U.S. fell 2.4%, the second straight drop following -0.7% in August, which was the first drop in 35 months, showing the economy is slowing. 

Exports of automobiles to the U.S. fell 18.9% following -14.2% in August.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
Central Bank NewsPolicy NewsAPACJapanBank of JapanBriefGlobalStoryRegion
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
Central Bank NewsPolicy NewsAPACJapanBank of JapanBriefGlobalStoryRegion

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