Reported about 4 hours ago
Japan's exports decreased for the fourth consecutive month in August, largely due to high U.S. tariffs impacting the automotive and manufacturing sectors. Exports fell 0.1% year-on-year, driven by a significant 13.8% drop in shipments to the U.S., particularly in automobiles and chipmaking equipment. Despite a slight increase in exports to other regions, Japan recorded a trade deficit of 242.5 billion yen for the month. Economists project further economic challenges amid uncertain U.S. demand and ongoing tariff repercussions.
Source: YAHOO