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Japan exports dragged down by weak Chinese demand
02:21
Asia Pacific
Japan exports dragged down by weak Chinese demand
Disappointing trade data from Japan and a weakening yen is dampening hopes for the island nation's post-pandemic bounceback. And economists are warning a weakening Chinese economy could be to blame. The new figures show that Japanese exports slipped by 0.3% in July compared to a year earlier. That's even as lower interest rates are keeping goods made in Japan cheaper. Imports, meanwhile, marked their fourth month in the red, down 13.5% for July. About half of Japan's trade happens in Asia, and 20% with China alone. For the time being, exports to Europe and the US are picking up the slack, but the threat of an economic slowdown in both remains
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