Posted on August 17, 2023

Exports from Japan fell in July for the first time in nearly two and a half years, caused minly bu down by faltering demand for light oil and chip-making equipment. There are concerns about a global recession as key markets such as China are weakening.

Ministry of Finance data showed Japanese exports fell 0.3% in July year-on-year.

Japanese policymakers are hoping that exports will support the world’s third biggest economy and pick up the slack in private consumption which has suffered due to broader price hikes.

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