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The Ministry of Finance of Japan reported a decline in Japanese exports for the second month in a row, which is the first time since 2016. According to the ministry, in January, exports from the country decreased by 8.4% compared to the same month of 2018 to 5 trillion 570 billion yen. The pace of decline accelerated against December, when the indicator fell by 3.9% to its lowest level since October 2016. According to experts, the decline in exports was expected at 5.5%. The main downward effect on the January figure was a fall of 17.4% of deliveries to China against the background of weakened economic growth in this country, as well as ongoing trade disputes between the United States and China. The volume of imports to Japan amounted to 6 trillion 990 billion yen. Its rate dropped over the year by 0.6%, while experts had predicted a 2.8% drop. Japan’s foreign trade deficit rose to 1 trillion 420 billion yen.
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 ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
The second quarter had seen South Korea slipping into recession. This came to be the country’s sharpest economic downturn in more than two decades as the novel coronavirus crisis weighed on exports and social distancing measures halted ...
KYC Policy