1-15 December 2016

Top story

TTF extends congratulations to Indonesia

The UK Timber Trade Federation (TTF) has extended congratulations to Indonesia and the EU in achieving the first shipment of FLEGT licensed timber.
Several TTF members including James Latham, Meyer Timber, Hanson Plywood and MDM Timber have taken delivery of FLEGT licensed shipments.

Also in this issue

  • Millers seek improved business climate from new Ghana government
  • South African construction industry continues to face tough times
  • Myanmar industry asks - Are confiscated and then auctioned logs considered legal?
  • No direct impact on formal real estate market from demonetisation says CREDAI          
  • No need for Dalbergia restrictions in India say manufacturers
  • US group seeks antidumping duty on Chinese plywood
  • Innovation critical to hardwood competitiveness – a private sector view
  • Positive outlook for US hardwood flooring market

Data snapshot

The Trump effect could drive inflation in Japan


President-elect Trump promises of tax cuts and increased infrastructure spending and the latest interest rate increase in the US has had a major impact on exchange rates around the world.
This year the yen/US$ exchange was very volatile, even eclipsing sterling which was battered after the June referendum. In past 3 months the yen has dropped 12% against the US dollar followed by the NZ dollar (-11%), the Swedish Krone (-10%), the Euro (-9.5%) and the Canadian dollar about 9%.
It now seems likely that Japan's inflation could turn positive more quickly than projected by the Bank of Japan especially if the yen stays below 110 (or lower) against the dollar for a few months.