Japan Feb exports fall 4% y-o-y: MOF
[TOKYO] Japan's exports fell 4 per cent in February from a year earlier, which was slower than a decline in the previous month, but economists worry that a renewed slowdown in emerging markets could curb future export growth.
The fall was more than the median estimate of a 3.1 per cent decrease in a Reuters poll of economists. It followed a 12.9 per cent year-on-year decline in January.
Imports fell 14.2 per cent in the year to February, versus the median estimate of a 15.2 per cent decrease.
The trade balance came to a surplus of 242.8 billion yen (S$3 billion), versus the median estimate of a 388.6 billion yen surplus.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US consumer sentiment falls as inflation expectations climb
HSBC wins £1.3 billion suit over Disney film finance scandal
WTO countries to reboot dispute reform negotiations
Fed’s preferred core inflation gauge rose at a brisk pace in March
Thames water crisis risks £100 billion UK investment plan
Indian central bank issues draft guidelines for web aggregators of loan products