Total exports rose 5.6% year-on-year in August, up for a ninth straight month, data showed. — Reuters
TOKYO: Japan’s export growth slowed sharply in August as shipments to the United States dropped for the first time in three years, while machinery orders unexpectedly shrank in July, a worrying sign for an economy struggling to mount a solid recovery.
The frail external demand undermines Japan’s quest to drive sustainable economic growth, analysts said, especially given a growing risk of a slowdown in the United States and further weakness in China’s economy, two major trading partners.
