ILEA001349029: Japan's real wages slump most in nearly decade

Japan logs trade deficit of 38 bln USD in fiscal 2023

STORY: Japan logs trade deficit of 38 bln USD in fiscal 2023 SHOOTING TIME: file DATELINE: April 17, 2024 LENGTH: 00:00:55 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street view in Tokyo STORYLINE: Japan's trade deficit in fiscal 2023 shrank around 70 percent from a year earlier to 5.89 trillion yen (about 38 billion U.S. dollars), government data showed Wednesday. In the fiscal year ended March, exports expanded 3.7 percent to 102.90 trillion yen, topping 100 trillion yen for the first time and marking a record high for the third straight year, according to a preliminary Finance Ministry report. Automobile exports, which account for about 17 percent of Japan's total, grew 30.2 percent to 17.88 trillion yen, eclipsing the previous record of 14.67 trillion yen in fiscal 2007. In contrast, imports dived 10.3 percent to 108.79 trillion yen, falling for the first time in three years, chiefly reflecting falls in imports of coal and liquefied natural gas. With a weaker yen inflati

Hong Kong charts 1.5-fold YoY increase in tourist arrivals in Q1

STORY: Hong Kong charts 1.5-fold YoY increase in tourist arrivals in Q1 SHOOTING TIME: file DATELINE: April 17, 2024 LENGTH: 00:00:33 LOCATION: HONG KONG, China CATEGORY: TOURISM SHOTLIST: 1. various of people at the check points 2. various of people in the streets of Hong Kong 3. various of firework show in Hong Kong STORYLINE: Hong Kong recorded over 11.23 million visitor arrivals in the first quarter this year, a 1.5-fold increase year-on-year and a 5-percent quarter-on-quarter hike, the Hong Kong Tourism Board (HKTB) announced on Tuesday, citing preliminary statistics. The figure reflects that the number of tourists registered a steady growth, the HKTB said. There were some 3.4 million tourist arrivals in March, up 40 percent from the previous year. Among them, more than 2.46 million were from the Chinese mainland, a year-on-year increase of 25.4 percent. Non-mainland visits exceeded 930,000, up 92.1 percent year-on-year, it added. The Tourism Board also announced that starting from May, it

Chinese economy in Q1 shows consolidated recovery momentum

STORY: Chinese economy in Q1 shows consolidated recovery momentum SHOOTING TIME: Earlier footage DATELINE: April 16, 2024 LENGTH: 0:00:54 LOCATION: SHANGHAI, China CATEGORY: ECONOMY SHOTLIST: 1. various of China 2. SOUNDBITE 1 (English): JELENA GRUBOR STEFANOVIC, Serbian Chamber of Commerce and Industry in China 3. SOUNDBITE 2 (English): YANN BOZEC, President of Tapestry and President & CEO of Coach, APAC Region STORYLINE: China's gross domestic product (GDP) grew 5.3 percent year on year in the first quarter of 2024, data from the National Bureau of Statistics (NBS) showed Tuesday. The country's GDP reached 29.63 trillion yuan (about 4.17 trillion U.S. dollars) during this period, the NBS data showed. On a quarterly basis, the economy increased 1.6 percent in the first three months. Many business leaders have hailed the consolidated recovery momentum of China's economy in the first quarter of this year. SOUNDBITE 1 (English): JELENA GRUBOR STEFANOVIC, Serbian Chamber of Commerce and Industry in

India's retail inflation eases to 4.85 pct in March

STORY: India's retail inflation eases to 4.85 pct in March SHOOTING TIME: April 10, 2024 DATELINE: April 13, 2024 LENGTH: 00:01:20 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the India Gate 2. various of market area STORYLINE: India's retail inflation eased to 4.85 percent in March, the latest government data showed Friday. According to the data released by the federal Ministry of Statistics and Program Implementation, the inflation based on the consumer price index (CPI) in March stood at 4.85 percent, compared to 5.09 percent in February. Food inflation has also eased to 8.52 percent in March from 8.66 percent in February, the ministry's data showed. According to officials, the price data are collected from 1,114 selected urban markets and 1,181 villages covering all states through personal visits by field staff of the ministry's National Statistical Office. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

Japan's population falls below 125 million

STORY: Japan's population falls below 125 million SHOOTING TIME: Earlier footage DATELINE: April 13, 2024 LENGTH: 00:00:46 LOCATION: Tokyo CATEGORY: SOCIETY SHOTLIST: 1. various of street view in Tokyo STORYLINE: Japan's population, including non-Japanese residents, fell by 595,000, or 0.48 percent, from a year earlier to 124,352,000 as of Oct. 1, 2023, down for the 13th consecutive year, government data showed Friday. The population of Japanese nationals dropped by 837,000, or 0.69 percent, to 121,193,000, marking the steepest fall since comparable data became available in 1950, according to a demographic survey by the Ministry of Internal Affairs and Communications. The number of people aged 75 or above rose 713,000 to about 20.08 million, topping the 20 million mark for the first time, while those aged from zero to 14 fell 329,000 to about 14.17 million, or 11.4 percent of the total population, the lowest ever, data showed. Meanwhile, the foreign national population gained by 243,000 to about 3.16 mi

Inflation in Sweden slows down in March

STORY: Inflation in Sweden slows down in March SHOOTING TIME: April 12, 2024 DATELINE: April 13, 2024 LENGTH: 00:01:30 LOCATION: Stockholm CATEGORY: ECONOMY SHOTLIST: 1. various of Statistics Sweden (SCB) 2. various of supermarkets 3. various of Stockholm's streets STORYLINE: Inflation in Sweden slowed from 4.5 percent in February to 4.1 percent in March, Statistics Sweden (SCB) said on Friday. Mikael Nordin, a statistician at SCB, said that the cost of certain goods had decreased from the same period last year. SCB said that inflation, measured as the Consumer Price Index (CPI), was mainly driven by mortgage costs rising by 39.3 percent for apartment owners. Meanwhile, tenants paid 5 percent higher rents for their apartments than a year earlier. However, increasing housing costs were offset by cheaper diesel and electricity -- down by 17.5 percent and 9.1 percent respectively year-on-year, SCB said. Besides increased lending costs due to the Swedish central bank raising the benchmark interest rate f

China's booming foreign trade benefits other countries: experts

STORY: China's booming foreign trade benefits other countries: experts SHOOTING TIME: Recent footage DATELINE: April 12, 2024 LENGTH: 00:02:03 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of container terminals 2. various of street views in China 3. SOUNDBITE 1 (English): STEPHEN NDEGWA, Lecturer in international relations at the Nairobi-based United States International University-Africa 4. SOUNDBITE 2 (English): CHARLES ONUNAIJU, Director of Center for China Studies, Nigeria 5. SOUNDBITE 3 (English): BENJAMIN MGANA, Chief editor of Foreign News of The Guardian, Tanzania STORYLINE: China's total import and export of goods expanded 5 percent year on year in yuan terms in the first quarter of 2024, setting new records in both scale and growth rate, official data showed Friday. From January to March, the country's foreign trade in goods stood at 10.17 trillion yuan (about 1.43 trillion U.S. dollars), according to the General Administration of Customs (GAC). Historically, for the first time, the

Italy's cabinet lowers 2024 growth forecast

STORY: Italy's cabinet lowers 2024 growth forecast SHOOTING TIME: April 10, 2024 DATELINE: April 11, 2024 LENGTH: 0:00:45 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Rome STORYLINE: Italy's cabinet on Tuesday approved the Economic and Financial Document (DEF), lowering the economic forecast for 2024 to 1 percent from the 1.2 percent forecast last September. The DEF is the official paper that set Italy's economic and financial goals for the next three years. Growth estimates for 2025 were also lowered to 1.2 percent from 1.3 percent, and that for 2026 to 1.1 percent from 1.2 percent. The government's new growth forecast remained higher than predictions made earlier this year by the European Union (EU), which expected Italy to grow by 0.7 percent in 2024, and by 1.2 percent in 2025. The government confirmed a budget deficit target of 4.3 percent of gross domestic product (GDP) for 2024, 3.7 percent for 2025 and 3 percent for 2026. The DEF set the public debt t

U.S. CPI accelerates to 3.5 pct in March amid continued inflation pressure

STORY: U.S. CPI accelerates to 3.5 pct in March amid continued inflation pressure SHOOTING TIME: Recent footage DATELINE: April 11, 2024 LENGTH: 0:01:18 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the U.S. Labor Department 2. various of a grocery store STORYLINE: U.S. consumer inflation in March sped up to 3.5 percent from a year ago, after ticking up to 3.2 percent in February, indicating continued inflation pressure, the U.S. Labor Department reported Wednesday. The Consumer Price Index (CPI) increased 0.4 percent in March on a seasonally adjusted basis, the same increase as in February. The index for shelter rose in March, as did the index for gasoline. Combined, these two indexes contributed over half of the monthly increase in the index for all items. The latest inflation report showed that the so-called core CPI, which excludes food and energy, increased 0.4 percent in March, as it did in January and February, after edging up 0.3 percent in December. Core CPI rose 3

Japan's real wages shrink for 23rd straight month

STORY: Japan's real wages shrink for 23rd straight month SHOOTING TIME: file DATELINE: April 9, 2024 LENGTH: 00:00:41 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo 2. various of supermarkets in Tokyo 3. various of street views in Tokyo STORYLINE: Japan's average monthly wages in inflation-adjusted terms logged the 23rd straight month of decline in February as price increases continued to outpace nominal earnings growth, official data showed on Monday. Inflation-adjusted real wages, a barometer of consumer purchasing power, fell 1.3 percent from the same month last year, according to the Ministry of Health, Labor and Welfare. Nominal monthly earnings, including base pay and overtime, rose 1.8 percent from a year ago to reach 282,265 yen (about 1,859.8 U.S. dollars). Regular pay including basic salary in February went up 2.0 percent year on year, while overtime pay, a gauge of business activity, went down 1.0 percent. Meanwhile, the consumer price index exclu

Japan's real wages slump most in nearly decade

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