Japan exports fall for fifth month in April amid US-China trade war - Reuters

Dhwani Mehta FXStreet

Reuters is out with key insights on the Japanese trade balance report published earlier today that saw the country’s exports falling for the fifth straight month in April, as escalating US-China trade war started to have its adverse impact on the Japanese shipments of chip-making equipment to China.

Key Points:

“Japan’s trade surplus with the United States rose for a second month as auto exports accelerated, which could draw U.S. President Donald Trump’s ire before U.S.-Japan trade negotiations begin this week followed by a leaders’ summit a few days later.

Ministry of Finance (MOF) data showed on Wednesday Japan’s exports fell 2.4% in April from a year earlier, down for a fifth straight month.

That compared with a 1.8% drop seen by analysts in a Reuters poll, and a similar 2.4% decline in March.

Exports to China fell 6.3% in April from a year earlier, down for the second consecutive month.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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