Lower exports: The Maersk Eindhoven container ship sits moored next to gantry cranes at a shipping terminal in Yokohama. Japanese exports fell by double digits for a sixth straight month even as key markets start to reopen from virus shutdowns. — Bloomberg
TOKYO: Japan’s exports posted a double-digit slump for a sixth straight month in August as US-bound shipments shrank due to a global demand slowdown from the coronavirus pandemic, casting a shadow over a trade-led recovery from the deep recession.
The export decline highlights the immense task Yoshihide Suga, who was assured to be elected prime minister yesterday, faces in driving an economic recovery.
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!
