Slowdown in China, US weighs on Japan exports

Tokyo

JAPAN'S export growth slowed for a second straight month in May, with weak external demand now threatening to erode economic growth in the current quarter.

Ministry of Finance (MOF) data showed that exports grew 2.4 per cent year-on-year in May, less than a 3.5 per cent gain seen by economists and a 8.0 per cent rise in the prior month. Compared with April, exports fell 2.7 per cent.