Japan May exports fall 11.3% year on year: MOF
[TOKYO] Japan's exports fell 11.3 per cent in May from a year earlier, Ministry of Finance data showed on Monday, as a strong yen and lacklustre growth in emerging markets curb demand for Japanese goods.
The fall was more than a 10.4 per cent decrease expected by economists in a Reuters poll. It followed a 10.1 per cent year-on-year decline in April.
Imports fell 13.8 per cent, matching the median estimate.
The trade balance came to a deficit of 40.7 billion yen ($523.7 million), versus the median estimate for a 40.0 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
Fed officials mull if rates are high enough as inflation expectations jump
US bill to restrict WuXi AppTec, Chinese biotechs revised to give more time to cut ties
UN General Assembly backs Palestinian bid for membership
US chip workers are likely to quit jobs, worsening labour shortage
India's industrial output up 4.9% year-on-year in March
Pandemic treaty talks end without agreed text, next step up for debate