Indicators
Japan’s Exports Fall Most Since 2021 Amid Global Slowdown
- Shipments to China, US, Europe all decline amid weak demand
- Fall led by cars, mineral fuels and construction machinery
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Japan’s exports declined by the most since February 2021 in September, sapping momentum from the country’s economic recovery as global demand weakened.
Exports declined 1.7% from a year ago led by cars, mineral fuels and construction machinery, and slipping to negative growth for the first time since November last year, the Ministry of Finance reported Thursday. The reading missed economists’ forecast of a 0.9% gain.