News ID: 258884
Published: 0744 GMT September 18, 2019

Japan exports sink on weaker trade with China, US

Japan exports sink on weaker trade with China, US
ph.news.yahoo.com

Japan's exports fell 12 percent in August from a year earlier as it logged a second straight month of deficits as the toll from trade tensions between its two largest markets deepened.

Exports of machinery, vehicles and chemicals all declined, AP wrote.

Imports also weakened, at the fastest rate in almost three years, suggesting slack demand inside Japan. Shipments to the US slipped four percent, while those to China sank 12 percent.

Overall, export volumes fell nearly six percent and import volumes also fell by six percent as trade tensions between the US and China and between Japan and South Korea are reverberated across supply chains

A government survey of businesses released Wednesday showed sentiment at its worst since the aftermath of the March 2011 earthquake and tsunami which devastated a swathe of Japan's northeastern coast.

 

   
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