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Japanese exports shrank for the fifth month in a row under pressure from the drop in chip shipments

Rocky

Rocky: Admin Assist; Posts : 268390
Join date : 2012-12-21

Post n°1

Japanese exports shrank for the fifth month in a row under pressure from the drop in chip shipments

by Rocky Wed 22 May 2019, 2:06 am

Japanese exports shrank for the fifth month in a row under pressure from the drop in chip shipments

Japanese exports shrank for the fifth month in a row, mainly due to a drop in shipments of equipment related to the chip industry to China. Japan's exports fell 2.4% in April against expectations of a 1.8% decline.

While the March reading recorded a 2.4% decline. Data released by the Ministry of Finance showed that the trade balance surplus with the United States rose for the second month in a row, recording 723 billion yen or 6.5 billion dollars, supported by the accelerated pace of exports of the Japanese auto sector.

http://economy-news.net/content.php?id=16706

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Japanese exports shrank for the fifth month in a row under pressure from the drop in chip shipments

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