Japan exports clock steepest plunge in more than four years, dropping by a more than expected 2.6%
- Japan's exports fell by 2.6% year-on-year in July, marking the largest monthly decline since February 2021.
- Exports to the United States dropped by 10.1% in July, with automobiles down 28.4% and automotive components down 17.4%.
- Concerns are rising about the Japanese economy as U.S. tariffs impact global trade and may lead to contraction in the third quarter.
- The report highlights weak exports to other regions, signaling challenges for Japan's export-reliant economy.
22 Articles
22 Articles
Japan's exports log biggest drop in 4 years
Japan's exports posted the biggest monthly drop in about four years in July, government data showed on Wednesday, as the impact of US tariffs intensified. Total exports from Japan dropped 2.6 percent year-on-year in July in value terms, the biggest monthly drop since February 2021, when exports fell 4.5 percent. It was larger than a median market forecast for a 2.1 percent decrease and marks a third straight month of decline after a 0.5 percent …
Japan exports fall most in 4 years as Trump tariffs bite
TOKYO, Japan —Japanese exports suffered their steepest drop in more than four years last month as tariffs imposed by US President Donald Trump bit, official data showed Wednesday. The year-on-year drop of 2.6 percent in July included a 10.1-percent plunge in exports to the United States, the finance ministry data showed. Japanese exports of motor vehicles
Japan's exports log biggest drop in 4 years as US tariff impacts intensify
TOKYO: Japan's exports posted the biggest monthly drop in about four years in July, government data showed on Wednesday (Aug 20), as the impact of US tariffs intensified, raising concerns about the outlook for the export-reliant economy. Total exports from the world's fourth-largest economy dropped 2.6 per
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium