Japan May exports fall 11.3% year on year: MOF
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[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
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
