Viral News

Japan August exports fall 14.8% year/year

TOKYO: Japan’s exports slumped 14.8% in August from a year earlier, down for the 21st straight month, Ministry of Finance data showed on Wednesday, underlining the coronavirus pandemic’s heavy hit to global demand.

That compared with a 16.1% decline expected by economists in a Reuters poll and followed a 19.2% fall in July.

Imports dropped 20.8% in the year to August, compared with the median estimate of an 18.0% decline.

The trade balance came to a surplus of 248.3 billion yen ($2.36 billion), against the median estimate of a 37.5 billion yen deficit.

For the poll story:

To view the full tables, go to the MOF website at:

http://www.customs.go.jp/toukei/info/index_e.htm

– Reuters

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