Japan’s Export Growth Slows as Global Demand Wanes
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Japan’s export growth slowed for a fifth month in July, adding to risks in an economy under threat from the yen’s surge to a 15-year high against the dollar.
Overseas shipments advanced 23.5 percent in July from a year earlier, less than June’s 27.7 percent gain, the Finance Ministry said in Tokyo today. The median estimate of 18 economists surveyed by Bloomberg News was for a 21.8 percent increase. From a month earlier, exports fell 1.4 percent, the third monthly drop.