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Japan – Jun External Trade
21/07/2021 10:57 am MYT
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In Jun, Japan’s exports surged by 48.6% year-on-year to 7.22 trillion Yen. On the other hand, imports jumped by 32.7% to 6.84 trillion Yen, giving rise to a trade surplus of 383.18 bln Yen (figure 1). The strong performance in exports was mainly due to a low base effect. When compared with Jun 2019, exports rose by 9.65%. On the other hand, import growth was broad-based, led by mineral fuels.

 

As Japan’s major trading partners have made good progress in their vaccination programmes, Japan’s exports are expected to benefit in the months ahead (table 1). However, being an import-dependent country for raw materials, rising commodity prices would push up Japan’s imports as well.

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Note from Publisher
After months of speculation, the Malaysian prime minister could announce the date of the 15th general election (GE15) as soon as this week. The prime minister is expected to leave for New York to attend the United Nations General Assembly later this week. He has been under a lot of pressure from his own party to dissolve parliament and hold GE15 months ago. The term of the current parliamentarians will expire on 16 Jul 2023. However, if Parliament is not dissolved by then, it will automatically dissolve itself on that day to make way for GE15, which must be held within 60 days, i.e., by 16 Sep 2023.

GE15 is likely to be the most important general election in Malaysia’s history. The country has never been as divided as it is now. No single political party commands majority support on its own. Horse trading behind the scenes has created great uncertainty. Voter sentiment is unclear as well after showing angst and lethargy against the constant quarrels among politicians. What makes sentiment even more unpredictable is the fact that GE15 will see 5.8 mln young people who are 18 years of age voting for the first time. They could sway the election result.
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