Japanese exports to China tumble
Amid recent territorial disputes between China and Japan, Japanese exports to China fell 14.1% in September compared to the previous year.
Relations between the two nations soured in recent weeks as a result of dispute over the ownership of the islands known as Senkaku in Japan and Diaoyu in China, which both nations along with Taiwan claim.
Widespread protests in China against Japan were held. In some cases people turned violent and attached Japanese car manufacturers.
Since then Japanese car manufacturers have said they will cut output to China.
“The worsening of exports reflected both the global slowdown and anti-Japan protests in China,” said Naoki Iizuka, from Citigroup Global Markets in Tokyo.
Related Articles
Japanese government approves $116bn stimulus package
The Japanese government has approved a fresh 10.3 trillion yen ($116bn; £72bn) stimulus package in an attempt to spur a
China surpasses US as world’s biggest grocery market
China has become the world’s largest market for food and grocery retail, surpassing the US, a study showed. The grocery
EU agrees strict new bank rules
The European Union has agreed strict new rules for banks, intended to make them safer and eliminate the need for
