English | دری

Japan's Imports and Exports Drop In August

in International Business

Japan's Imports and Exports Drop In August

The drop in Japan’s imports and exports in August has raised concerns about the impact of a global slowdown on its economy.

Exports fell 5.8% from a year earlier, hurt by the slowing demand from Europe and China.

Imports fell 5.4% from a year ago, indicating the continued weakness in domestic demand.

This data is released amid fears that Japan’s trade with its biggest trading partner, China, may be hurt by the continuing territorial dispute between them.

Japan relies heavily on exports for growth, however the slowing demand in key markets has hurt its economy.

Demand from the European Union has fallen for 11 months in a row, as the regions debt crisis has hurt growth in the bloc’s major economies.

Another factor affecting Japan’s exports sector is the slowdown in China’s economy. Shipments from Japan to China have dropped in 10 out of the past 11 months.

According to analysts, the slowing growth in China is likely to further dent the sector.

“Japan is extremely vulnerable to the slowdown in China,” said Dan Slater of the Economist Corporate Network in Tokyo.

“And the slowdown in China is very serious in itself.”

Related Articles

Cristiano Ronaldo donates his golden boot to children in Gaza

The iconic soccer player, Cristiano Ronaldo, has given the Golden Boot he won in 2011 to the Real Madrid Foundation,

Burma floating its currency exchange rate

In one of the biggest economic reforms that Burma has seen, the central bank has set the reference exchange rate

Facebook Instagram deal delay threat

A competition probe into Facebook’s $1bn acquisition of photo-sharing service Instagram threatens to postpone the closure of the deal beyond

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.