Japan Freight Transport Report Q2 2014

Business Monitor International
April 16, 2014
113 Pages - SKU: BMI5232909
Countries covered: Japan

Japan Freight Transport Report Q2 2014This year is expected to represent something of a recovery for Japan's freight industry, albeit unremarkably.2013 saw negligible tonnage growth across the modes and despite the sizeable and prolonged depreciationof the yen, exports actually fell, according to Izumi Devalier, an economist at HSBC, speaking toBloomberg.

Japan's trade figures for January missed expectations by a wide margin, with imports surging and exportsstagnating. We expect to see the country record a current account deficit in 2014 as the weaker yen isinsufficient to counteract the structural forces at play. Beyond 2014, the deficit is likely to widen as policiesaimed at creating inflation will seriously undermine the domestic savings rate.

In terms of the freight industry's forecasts by mode for 2014, rail freight is set to enjoy the highest rate ofannual growth with BMI's forecast coming in at just under 3%, while air and road will perform lessimpressively at 1.6% and 1.4% respectively. Growth is not set to be anything other than steady over themedium term across the freight modes.



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