Friday, 26 April 2024
Japan’s exports probably shrank for a 10th straight month in September, a Reuters poll found on Friday, in a sign that slumping global demand and the U.S.-China trade war was continuing to weigh on the nation’s shipments.
Exports in September are expected to have declined 4.0% from a year earlier, the poll of economists showed, though the pace of decline slowed from an 8.2% drop in August.
Imports are forecast to have fallen 2.8% from a year earlier, which will see the trade balance swing back to a surplus of 54 billion yen ($497.51 million) from a revised deficit of 143.5 billion yen in August.
The Finance Ministry will announce trade data at 8:50 a.m. Japan time on Oct. 21 (2350 GMT, Oct.20).
Aware of her elements, Neha writes the best articles across industries including electronics & semiconductors, automotive & transportation and food & beverages. Being from the finance background she has the ability to understand the dynamics of every industry and analyze the news updates to form insightful articles. Neha is an energetic person interested in music, travel, and entertainment. Since past 5 years, she written extensively on sectors like technology, finance and healthcare.
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