TOKYO: A rebound in Japanese exports slowed in May as shipments to China deteriorated and US demand remained weak, suggesting hopes for a quick recovery in global demand may be premature.
Though exports are now showing signs of bottoming out after a period of paralysis in the wake of the financial crisis, there has been little recovery in global demand except for buying partly based on windfall demand from stimulus packages around the world.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!