By Tetsushi Kajimoto | Reuters | Tokyo |
Topics Coronavirus | Japan export | US Japan trade
Japan's exports fell in May at the fastest pace since the 2009 global financial crisis as U.S.-bound car shipments plunged, bolstering expectations for a deep contraction in the world's third-largest economy this quarter.
Weak global demand for cars and slowing business spending could drag on Japan's export-led economy, even as China-bound trade shows signs of picking up and U.S. and European economies reopen. The trade data came a day after the Bank of Japan increased its support through lending schemes for struggling.....
This article is no longer available in our repository.
There could be multiple reasons for this.
You could try searching for this headline on the source website (bloomberg.com).