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NX Logistics Research Institute and Consulting projects that container exports from Japan's eight major ports (Tokyo, Yokohama, Shimizu, Nagoya, Yokkaichi, Osaka, Kobe and Hakata) will increase 1.8% to 4.709 million TEUs in fiscal 2023 (April 2023-March 2024), making their first year-on-year growth in two years. It foresees the slowdown in the global economy will ease and that cargo demand will recover slowly. However, it does not expect that exports will return to a pre-pandemic volume in 2019. Meanwhile, the Tokyo-based think tank of the Nippon Express Holdings (NXHD) group envisages that container imports to Japan will swell 1% to 7.452 million TEUs this fiscal year. It forecasts those of consumer goods will be stagnant due to downward pressure from surging commodity prices and the depreciation of the Japanese yen.
