Japan corporate sales drop for 1st time in 3 years on China slowdown

From mainichi.jp

Corporate sales in Japan fell for the first time in three years in the July-September quarter, pressured by China's economic slowdown and falls in petroleum product prices, government data showed Monday. Combined sales of domestic companies in the quarter dropped 2.6 percent from a year earlier to 349.50 trillion yen ($3.19 trillion), following a 0.4 percent rise in the previous quarter, according to the Finance Ministry. Among manufacturers, telecommunication equipment and metal product sectors were the worst performers in terms of sales, affected by a slowdown in China's economy on the back of a trade dispute with ... (full story)