Ja­pan’s ex­ports fall for 8th straight month

China Daily (Canada) - - BUSINESS -

Ja­pan’s ex­ports de­clined for an eighth suc­ces­sive month in May, ac­cord­ing to the Fi­nance Min­istry. Ex­ports fell as ma­jor des­ti­na­tions in­clud­ing the United States, China and Europe saw ship­ments drop, amid fur­ther signs that Prime Min­is­ter Shinzo Abe’s “Abe­nomics” eco­nomic re­cov­ery pol­icy mix was run­ning out of steam. Ship­ments over­seas tum­bled 11.3 per­cent in May from a year ear­lier, the min­istry said, with the fig­ure com­ing in above me­dian an­a­lysts fore­casts. With im­ports slump­ing 13.8 per­cent, the trade deficit stood at 40.7 bil­lion yen ($388 mil­lion) in May.

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