News
Nittsu Research Institute and Consulting, Inc. (NRIC) recently unveiled a revision of its projection for international cargo to be imported to and exported from Japan in fiscal 2019 (April 2019-March 2020). The think tank now anticipates that due to last-minute demand growth, inbound shipments to Japan will increase 1.4% year on year. Resulting from a slowdown in the global economy, meanwhile, outbound cargo from Japan will swell 0.4%. At the end of 2018, it envisaged that imports would hike 0.9%, and exports, 1.5%.
As for international airfreight, imports are now foreseen to level off in the aftermath of a rise in the consumption tax rate, declining 0.1%, while exports are estimated to fall 4.4%, suffering the first year-on-year contraction in four years. NRIC indicated in December last year that incoming cargo would climb 2.7%, and outgoing freight, 7.2%.
