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Japan’s Exports Shrink for First Time in More Than Two Years
Japan’s exports dropped for the first time in more than two years as demand slumped in several key overseas markets, signaling headwinds for the economic recovery. The value of exports fell 0.3% in July from a year earlier, retreating for the first time since February 2021, the finance ministry reported Thursday. Economists had forecast a 0.2% decline. Imports fell for a fourth month, sliding 13.5% from the previous year, the steepest decline since September 2020. Economists had estimated they would fall by 15.2%. The trade balance slipped back into the red, with a deficit of 78.7 billion yen ($538 billion) after a ... (full story)
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