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Japan July Exports Fall

Japan July Exports FallJapan July Exports Fall

Japan’s exports are expected to have fallen for a 10th straight month in July on lackluster global demand and a strong yen, a Reuters poll showed on Friday. Exports likely declined 14% in July from a year earlier, accelerating from 7.4% fall in June, the poll of 19 analysts found. Imports were seen falling 20.6% from a year ago, which would result in a trade surplus of 283.7 billion yen ($2.78 billion). That would be a second straight monthly trade surplus. “Worries about the worsening global economy have subsided but it remains in a situation of low growth,” said Takeshi Minami, chief economist at Norinchukin Research Institute.

Financialtribune.com