Monthly pace of growth for Japan's exports slows
April figure is worrying as slowdown in economies of China, US clouds outlook
Tokyo
JAPAN'S exports rose in April from a year earlier led by US-bound shipments of cars, but the monthly pace of growth slowed from March - a worrying portent for external demand as a slowdown in the economies of China and the US clouds the outlook.
Ministry of Finance data out on Monday showed exports grew 8.0 per cent year-on-year in April, versus a 6.4 per cent gain seen by economists in a Reuters poll, slowing from a 8.5 per cent gain in March. Compared with March, shipments fell 1.5 per cent in April.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Saudi Arabia hikes oil selling prices for all grades to Asia
Slowing global economy to mean smaller revenue bump in Australian budget
Emerging-market optimism dashed by Fed as currencies, bonds sink
France’s Macron set to press China’s Xi on trade, Ukraine
Israeli Cabinet votes to shut down Al Jazeera’s local operations
Ukraine eases some wartime capital controls for businesses