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Japan 'among hardest hit by China-induced global trade slowdown'

Japan exports have high ratios of intermediate and capital goods, says Jetro

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World trade shrank by nearly 13 per cent last year, the Japan External Trade Organisation (Jetro) said on Tuesday, noting that global growth was sluggish despite unprecedented monetary easing and stepped-up fiscal support.

Tokyo

WORLD trade shrank by nearly 13 per cent last year, the Japan External Trade Organisation (Jetro) said on Tuesday, noting that global growth was sluggish despite unprecedented monetary easing and stepped-up fiscal support.

It said in a report that, going by its estimates,

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