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May had seen Japan’s exports falling at its most rapid pace since the 2009 global financial crisis. This could be attributed to inactive U.S.-bound car shipments and an impending contraction this quarter in the world’s third-biggest economy.
Japan’s exports dropped by 28.3% in the year ended May, official data showed on Wednesday. This came to be the sharpest decline since September 2009 as exports extended double-digit declines for three consecutive months. More so, the figure came way lower than the speculated 26.1% contraction rendered by analysts in a Reuters survey.
Frail global demand for automobiles and slow-paced business spending are likely to drag Japan’s export-dependent economy. With China-bound trade seen struggling, mainland demand is not capable of alleviating slump monitored in other major trading partners.
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
KYC Policy