AIRLINK 152.00 Decreased By ▼ -8.28 (-5.17%)
BOP 9.10 Decreased By ▼ -0.38 (-4.01%)
CNERGY 7.02 Decreased By ▼ -0.79 (-10.12%)
CPHL 81.99 Decreased By ▼ -4.12 (-4.78%)
FCCL 42.78 Decreased By ▼ -0.95 (-2.17%)
FFL 14.18 Decreased By ▼ -0.78 (-5.21%)
FLYNG 28.20 Decreased By ▼ -0.49 (-1.71%)
HUBC 131.50 Decreased By ▼ -5.62 (-4.1%)
HUMNL 12.20 Decreased By ▼ -0.25 (-2.01%)
KEL 3.99 Decreased By ▼ -0.12 (-2.92%)
KOSM 4.90 Decreased By ▼ -0.34 (-6.49%)
MLCF 66.52 Decreased By ▼ -2.40 (-3.48%)
OGDC 200.00 Decreased By ▼ -7.81 (-3.76%)
PACE 4.97 Decreased By ▼ -0.19 (-3.68%)
PAEL 41.00 Decreased By ▼ -2.20 (-5.09%)
PIAHCLA 16.23 Decreased By ▼ -0.55 (-3.28%)
PIBTL 8.40 Decreased By ▼ -0.52 (-5.83%)
POWER 13.00 Decreased By ▼ -0.48 (-3.56%)
PPL 148.40 Decreased By ▼ -8.70 (-5.54%)
PRL 27.85 Decreased By ▼ -0.74 (-2.59%)
PTC 19.62 Decreased By ▼ -0.96 (-4.66%)
SEARL 81.60 Decreased By ▼ -2.99 (-3.53%)
SSGC 37.25 Decreased By ▼ -2.08 (-5.29%)
SYM 14.24 Decreased By ▼ -0.94 (-6.19%)
TELE 6.85 Decreased By ▼ -0.18 (-2.56%)
TPLP 8.15 Decreased By ▼ -0.67 (-7.6%)
TRG 63.10 Decreased By ▼ -0.74 (-1.16%)
WAVESAPP 8.05 Decreased By ▼ -0.82 (-9.24%)
WTL 1.26 No Change ▼ 0.00 (0%)
YOUW 3.48 Decreased By ▼ -0.06 (-1.69%)
AIRLINK 152.00 Decreased By ▼ -8.28 (-5.17%)
BOP 9.10 Decreased By ▼ -0.38 (-4.01%)
CNERGY 7.02 Decreased By ▼ -0.79 (-10.12%)
CPHL 81.99 Decreased By ▼ -4.12 (-4.78%)
FCCL 42.78 Decreased By ▼ -0.95 (-2.17%)
FFL 14.18 Decreased By ▼ -0.78 (-5.21%)
FLYNG 28.20 Decreased By ▼ -0.49 (-1.71%)
HUBC 131.50 Decreased By ▼ -5.62 (-4.1%)
HUMNL 12.20 Decreased By ▼ -0.25 (-2.01%)
KEL 3.99 Decreased By ▼ -0.12 (-2.92%)
KOSM 4.90 Decreased By ▼ -0.34 (-6.49%)
MLCF 66.52 Decreased By ▼ -2.40 (-3.48%)
OGDC 200.00 Decreased By ▼ -7.81 (-3.76%)
PACE 4.97 Decreased By ▼ -0.19 (-3.68%)
PAEL 41.00 Decreased By ▼ -2.20 (-5.09%)
PIAHCLA 16.23 Decreased By ▼ -0.55 (-3.28%)
PIBTL 8.40 Decreased By ▼ -0.52 (-5.83%)
POWER 13.00 Decreased By ▼ -0.48 (-3.56%)
PPL 148.40 Decreased By ▼ -8.70 (-5.54%)
PRL 27.85 Decreased By ▼ -0.74 (-2.59%)
PTC 19.62 Decreased By ▼ -0.96 (-4.66%)
SEARL 81.60 Decreased By ▼ -2.99 (-3.53%)
SSGC 37.25 Decreased By ▼ -2.08 (-5.29%)
SYM 14.24 Decreased By ▼ -0.94 (-6.19%)
TELE 6.85 Decreased By ▼ -0.18 (-2.56%)
TPLP 8.15 Decreased By ▼ -0.67 (-7.6%)
TRG 63.10 Decreased By ▼ -0.74 (-1.16%)
WAVESAPP 8.05 Decreased By ▼ -0.82 (-9.24%)
WTL 1.26 No Change ▼ 0.00 (0%)
YOUW 3.48 Decreased By ▼ -0.06 (-1.69%)
BR100 11,746 Decreased By -407.8 (-3.36%)
BR30 34,392 Decreased By -1475.1 (-4.11%)
KSE100 111,082 Decreased By -3790 (-3.3%)
KSE30 33,929 Decreased By -1338.2 (-3.79%)

TOKYO: Japan’s exports rebounded in October, led by a pickup in chip equipment demand in China, data showed on Wednesday, suggesting that solid global demand was underpinning the country’s still fragile economic recovery.

The data comes as Japanese businesses are weighing the impact of new and potentially hefty tariffs promised by US President-elect Donald Trump that could upend international trade.

Total exports rose 3.1% year-on-year in October, the data showed, more than a median market forecast for a 2.2%% increase and following a 1.7% drop in September.

Exports to China rose 1.5% in October from a year earlier, while those to the United States, Japan’s largest export destination, were down 6.2%, the data showed.

Imports grew 0.4% in October from a year earlier, compared with market forecasts for a 0.3% decease.

That resulted in a trade deficit of 461.2 billion yen ($2.98 billion) in October, compared with the forecast of a deficit of 360.4 billion yen.

While the October data was solid, Japanese exports could face pressure from potential US tariffs, a key element of Trump’s pitch to voters.

A proposed 10% tariff on all US imports could push down Japan’s gross domestic product by 0.13%, and another 0.12% if a potential 60% levy on Chinese-made products triggers retaliatory tariffs from China, according to estimates by Shunsuke Kobayashi, chief economist at Mizuho Securities.

Japan is seeing growing signs of a recovery in domestic demand.

Japan’s July exports growth lags expectations

Last week’s GDP data for the July-September quarter showed a stronger-than-expected pickup in private consumption backed by rising wages.

Bank of Japan Governor Kazuo Ueda said on Monday that the economy was progressing towards sustained wages-driven inflation, leaving open the chance of another interest rate hike as early as next month.

Comments

200 characters