Japan's July exports growth lags expectations, volumes fall again

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TOKYO: Japan's exports rose at a slightly slower pace than expected in July and shipment volumes extended their declines, data showed on Wednesday (Aug 21), adding to some doubts about the outlook for an economy that has only just started to pick up the recovery pace.

Overall shipment volumes, however, fell 5.2 per cent last month from the year-ago period, the sixth consecutive month of declines.

Policymakers' hopes that the export-engine will help bolster the economy have been undercut by uneven overseas demand and softness in major market China.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaJapanMaliUnited States

Topics: Demand Year Japan Exports Data Economy Cent Consumption July Rose Showed

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-21 @ 10:34:34 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 598 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 22188150

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Official Website: channelnewsasia.com

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