Japan's exports slipped for a ninth straight month in August as the Sino-U....
TOKYO - Japan’s exports slipped for a ninth straight month in August as the Sino-U.S. tariff dispute hit demand from China and other Asian trading partners, heightening risks for the world’s third-largest economy.
The fall was smaller than a 10.9% drop expected by economists but marked the longest run of declines in exports since a 14-month stretch from October 2015 to November 2016. Fears of a global slump have persisted in recent weeks as uncertainty over U.S. trade policy clouds the outlook for growth in the United States and export-reliant economies such as Germany, Japan and China.
“There are hopes exports will rebound as domestic demand is expected to drop to some extent following the sales tax hike,” said Itochu’s Takeda.
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