Japan’s exports slide – 1.7% yoy in May as auto tariffs from US take toll

Japan’s trade data for May revealed growing pressure on its export sector, with headline exports falling -1.7% yoy to JPY 8.135T. Imports dropped -7.7% yoy to JPY 8.773T. The resulting trade deficit stood at JPY -637.6B. Of particular concern was the sharp -11.1% fall in exports to the US, where car shipments plunged -24.7% yoy […]

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