Japan Exports Up, But Starting To Slow
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Another hint that Japan's strong export driven recovery may be losing steam, and with it, the surging growth in Australia's export earnings.For the third month in a row the country's & #160;annual export growth eased, according to figures from the country's Ministry of Finance.While that might be partly due to exports in & #160;May of last year being higher than earlier in 2009, it does also reflect the slowing pace of demand, especially from Asia and China.Exports & #160;fell 1.2% in May from April after April's exports were up more than 2% from February.But exports in May were still up 32.1% from May, 2009, that's less than the & #160;37% rise forecast by the market.Despite signs of & #160;slowing, exports were still up & #160;for the & #160;sixth month & #160;in a row.Japan's export growth is likely to continue to slow & #160;over coming months, because business restocking is ending and the & #160;Chinese economy is going off the boil.Both & #160;developments contain not so good news for Australian exports, especially iron ore and coal.And for companies like BHP Billiton and Rio Tinto. & #160;Imports were up 33.4%, thanks mostly to higher prices for commodities like oil, iron ore, coking and thermal coal. The market had been looking for a rise of just over 34%.Exports to Asia, which account for more than half of the country's total shipments, were up 34.4% from May 2009, down on the 45% annual rate in April.Exports to China were up 25.3% from a year earlier, But that was down from the 41% rate in the year to April.Shipments to America rose 17.7% in the year to May.Australia did well; imports from here jumped 40.6% thanks to higher prices for iron ore and coal.Japan's exports to Australia were up 32%.The Japanese & #160;finance ministry & #160;said the & #160;data showed no effects from Europe's debt problems.Shipments to the European Union rose an annual 17.4%, thanks in part to strong demand & #160;for auto parts and electronics parts from Germany where & #160;exports are strong.Exports accounted for around 0.7 of & #160;Japan's 1.2% March quarter economic growth, which was stronger than the US or Europe.Japan's & #160;trade balance was & #160;324.2 billion yen ( & #36;US3.61 billion) in May, up 15.2%. & #160;
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Daniel Kertcher established Platinum Pursuits in 2001 as a vehicle in which to share his knowledge of strategies to use the financial markets to grow wealth, with the aim of achieving financial freedom by making your money work for you.
His argument is that until you become financially literate and develop a method where you're able to get a reasonable return on your capital (i.e. making your money work for you), you will instead be forever working hard for your money.
Daniel Kertcher personally achieved financial freedom at a relatively young age, through his knowledge of property and then financial markets investing. Through using Options and leveraged instruments such as CFDs, Daniel developed a system to trade the markets where he could benefit from the leverage when the trade went in the direction he predicted, and hedged his positions so that there was a limited downside risk.
Some people in the past have criticised Daniel's message of striving for financial freedom in a high-risk environment such as trading derivatives. However, it is not Daniel's or Platinum Pursuits' goal to encourage everyone to trade the financial markets. Every kind of investing contains an element of risk, so this level of education is aimed specifically for those who want an understanding of professional trading techniques and strategies that they hope to apply to their own capital, and it is absolutely true that many people are not yet in a position to invest a chunk of their savings.
To be truly financially literate, it can pay to explore all the options available when you are in a position to try to get ahead in life. Daniel currently presents free introductory seminars nationally on selected dates from February to November. |
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