Japan exports knocked by weak US shipments, hurt economic recovery


Japan's trade balance was in deficit for the 26th month in a row, an indication that its status as an export powerhouse has faded as companies shift production offshore - EPA Photo.

TOKYO: Japan's exports declined in August as shipments to the US contracted, another sign the economy is struggling to rev up after a deep slump in April-June.

A further period of lacklustre exports and slack domestic demand could force the government and the Bank of Japan to find new ways to prop up the economy.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Ringgit soft as US$ remains elevated
Product innovation drives sales of local plastic packaging
Bursa's rally continues ahead of economic releases
Trading ideas: MyEG, Axis REIT, Mah Sing, Capital A, Hibiscus, Chin Hin, Carlsberg, I-Bhd
Booming eCommerce bolsters consumption
Chemical recycling to reduce plastic waste
Sasbadi reports record high quarterly revenue on robust sales
LME takes aim at traders’ Russian metal games with new rules
Helping more city-state F&B businesses to expand overseas
Funds raised by Singapore’s tech startups up 59% in 2023

Others Also Read