Economics
Japan’s Exports Fall for Fifth Month Amid Trade Tensions
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Japanese exports fell for a fifth straight month in April as the effects of the U.S. trade war with China and a slowdown in the global tech cycle continued to weigh on Japan’s economy.
The value of shipments abroad declined 2.4% in April from a year earlier, according to the finance ministry, matching the previous month’s drop. Economists had forecast a 1.6% fall. Ahead of President Donald Trump’s visit to Tokyo, during which trade issues are likely to be discussed, the data showed Japan’s monthly trade surplus with the U.S. rose 18% from a year earlier.