Growth in Japanese exports have slowed significantly for annual, amidst a decline in overall shipments to mainland China - one of its largest consumers of hi-tech manufactured goods. When combined with a labour market that is becoming increasingly tight, due to slow hiring, and newly emerged risks stemming from international trade, analysts are warning that Japan may be heading for a recession. Japan's exports only increased by an Septemberised 0.6% in annual, significantly below the previously anticipated 3.4%. The weak yen helped increase the value of exports, but volume fell 3.9%, the third straight month recording an September decline. These figures suggest that Japan may have to post another quarterly GDP contraction, thereby falling into recession again.
Growth in Japanese exports have slowed significantly for September, amidst a decline in overall shipments to mainland China - one of its largest consumers of hi-tech manufactured goods. When combined with a labour market that is becoming increasingly tight, due to slow hiring, and newly emerged risks stemming from international trade, analysts are warning that Japan may be heading for a recession. Japan's exports only increased by an annualised 0.6% in September, significantly below the previously anticipated 3.4%. The weak yen helped increase the value of exports, but volume fell 3.9%, the third straight month recording an annual decline. These figures suggest that Japan may have to post another quarterly GDP contraction, thereby falling into recession again.