Japanese exports fell for the first time in over a year in October, heightening concerns for the country's economy, which is already in recession and struggling to boost inflation. Exports fell 2.1% last month, whilst imports slumped by 13.4%, due to a reduced demand from China, Brazil and other Asian countries. The slump has been exacerbated by weak domestic demand, with consumer spending falling at its fastest rate since late 2008.
Japanese exports fell for the first time in over a year in October, heightening concerns for the country's economy, which is already in recession and struggling to boost inflation. Exports fell 2.1% last month, whilst imports slumped by 13.4%, due to a reduced demand from China, Brazil and other Asian countries. This data from the government reveals a new weakness in Japan's economy, as shipments had until now held up relatively well, despite weaknesses in other areas.