Japan's exports continue to fall
- Asian Market
- 5 months ago
Japanese exports have fared better than what analysts predicted in the month of July.
Although exports continued to fall, 1.6%, it was an improvement from the previous month of June when it dipped to 6.7%, analysts had forecasted a drop of 2.2% for the month of July.
Exports to fellow Asian countries fell by 8.3% year on year, with China posting a drop of 9.3% but it was Singapore who clocked the highest decline at 22.3%.
Imports also fell by 1.2%, which was a far better sight than what analysts predicted at 2.7%, leaving Japan with a trade deficit of $2.3 billion for the month.
Source: Smart Trend Team