Japanese exports fell in August

sunny

Japanese exports fell in August

Car exports were hit particularly hard last month Japan's exports in August were down 36% in August from the same month last year due to a lack of demand from the rest of the world economy. Exports fell for the 11th straight month to 4.5tn yen ($49bn; £29.9bn), the finance ministry said. But it was the seventh consecutive month that Japan's exports exceeded its imports by value. The world's second-largest economy had a trade surplus of 185.7bn yen, compared with a deficit last year. "Japan's exports to key regions, including the US and Asia, were all down sharply due to sluggish demand," said finance ministry official Keisuke Kawanishi. Imports dropped 41% from a year earlier. The slowdown in Japan had been steeper than that experienced in the US or Europe, with the jobless rate reaching a record high. But the country recently emerged from recession due to the government's massive stimulus package. Japan's car exports in August plunged 50% from a year ago, while shipments of steel products dropped 43.3%. Among the biggest exporters in Japan are the carmakers Toyota, Nissan, Honda and Mitsubishi.

aiyuanzh

:victory:
nice