Japan’s exports fell in July for 8th straight month

TOKYO (AP) — Japan’s exports fell for the eighth straight month in July as worries continued about United States (US) President Donald Trump’s trade policies denting Asian economic growth.

Ministry of Finance data released yesterday showed exports and imports fell in July, compared to the same month a year ago. Exports fell 1.6 per cent, while imports slid 1.2 per cent, resulting in a trade deficit of JPY249.6 billion.

Japan’s exports to China in July fell 9.3 per cent while its imports from China gained 2.8 per cent. Japan’s exports to the US in July grew 8.4 per cent while imports from the US rose 3.5 per cent.