Japan’s exports fall for 8th straight month
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.