Exports from Japan slowed in July, official data showed last week, adding to concerns about the fragile recovery in the world’s number three economy as demand falls in neighbouring giant China.
While the value of Japan’s exports rose 7.6 percent last month from a year ago, partly driven by rising vehicle shipments, the volume of good exports slipped 0.7 percent from July 2014.
Shipments to China were off 1.3 percent from 12 months earlier in volume terms, outstripping a 0.4 percent fall to the rest of Asia.
Despite a recovery in the US economy, a slowdown in China – Asia’s top economy and a major market for Japanese exporters – has raised concerns.