Japan August exports rise 3.1 per cent on year: MOF
[TOKYO] Japan's exports rose 3.1 per cent in August from a year earlier, slower than the gains in the previous month in a sign overseas demand is weakening as China's economy slows.
The rise was less than a 4.0 per cent annual increase expected by economists in a Reuters poll. It followed a 7.6 per cent year-on-year increase in July.
Imports fell 3.1 per cent annually in August, versus the median estimate for a 2.2 per cent annual decrease.
The trade balance came to a deficit of 569.7 billion yen (S$6.6 billion), versus the median estimate for a 541.3 billion yen deficit.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sunak says UK to raise defence spending amid global threats
China’s central bank hints it may add treasury bond trades to policy toolkit
US business activity cools in April; inflation measures mixed
India’s inflation at risk from extreme weather, geopolitical issues: central bank
Thailand to replace military-appointed Senate, reduce its powers
Bankers lose hope of London IPO revival for another year