TOKYO (AP) – Japan’s exports have fallen for a 10th straight month amid weak demand in China, South Korea and other Asian markets.
The data for September reported yesterday showed a deepening impact from trade tensions between the United States (US) and China and between Japan and neighbouring South Korea.
The Finance Ministry said the trade deficit in September totalled USD1.1 billion, a third consecutive month of red ink.
Exports fell 5.2 per cent from the same month in 2018, with slower shipments of machinery and auto parts. Imports dropped 1.5 per cent.
Exports to the US dropped nearly eight per cent from a year earlier while imports from the US declined 12 per cent. The trade surplus with America fell 3.5 per cent to USD5.2 billion.