Japan Oct exports fall 10.3% y-o-y: MOF
[TOKYO] Japan's exports fell more than expected in October for a 13th consecutive month, Ministry of Finance data showed on Monday, in a sign of sluggish foreign demand.
Ministry of Finance (MOF) data showed on Monday that exports fell 10.3 per cent in the year to October. That compares with the 8.6 per cent drop expected by economists in a Reuters poll, and follows a 6.9 per cent decline in September.
The trade results came on the heels of recent data showing Japan's economy expanded for a third quarter in July-September as exports recovered and imports fell, highlighting a potentially fragile, export-reliant recovery.
Imports fell 16.5 per cent versus the median estimate of a 16.3 per cent fall.
The trade balance came to a surplus of 496.2 billion yen (S$6.37 billion), versus the median estimate for a 615.4 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
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons