TOKYO - Japan’s exports posted a double-digit slump for a sixth straight month in August as U.S.-bound shipments shrank due to a global demand slowdown from the coronavirus pandemic, casting a shadow over a trade-led recovery from the deep recession.
Total exports fell 14.8% year-on-year in August, a smaller decline than the 16.1% expected by economists in a Reuters poll, official data showed on Wednesday. “Strong demand for ICT technology linked to working from home resulted in exports of electric machinery only falling 5.5% year-on-year,” said Tom Learmouth, Japan economist at Capital Economics.Suga, who won a ruling Liberal Democratic Party leadership election on Monday, will face a huge challenge to get the economy back on track after it posted its worst postwar contraction in the second quarter.
Exportar es su Negocio.
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