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 13.4% last month, whilst imports slumped by 2.1%, 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.
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.