Japan's exports fell in July for the first time in nearly 2-1/2 years, dragged down by faltering demand for light oil and chip-making equipment, underlining concerns about a global recession as key markets like China weakened.
Ministry of Finance data out Thursday showed Japanese exports fell 0.3% in July year-on-year, compared with a 0.8% decrease expected by economists in a Reuters poll. It followed a 1.5% rise in the previous month.
The concerns about global growth was underscored by separate data earlier showing persistent declines in Singapore's exports, seen as a gauge of overseas demand as trade flows dwarf the city-state's economy. U.S.-bound shipments, Japan's key ally, rose 13.5% year-on-year last month to log the largest in value on record, led by shipments of electric vehicles and car parts, following a 11.7% rise in the previous month."The Bank of Japan must be aware of downside risks from the global economy. Therefore, it would have no choice but to avoid any efforts to normalise monetary policy for the time being given the risk from external slowdown," Minami said.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Michigan man pleads guilty to assaulting police officer in January 2021 US Capitol attackA Michigan man has pleaded guilty to assaulting a police officer during the January 2021 attack on the U.S. Capitol. The U.S.
Leer más »
No Consequences for Pentagon over 2021 Airstrike on Afghan ChildrenToday marks nearly two years since the Pentagon promised condolence payments to an Afghan aid worker's family that it accidentally killed.
Leer más »
Alaska's student absenteeism was worst in nation during the 2021-22 school yearThe analysis shows chronic absenteeism increased across the country as schools reopened for in-person learning.
Leer más »
China's Tencent misses expectations despite fastest profit rise since late 2021Tencent on Wednesday reported a surge in profit for the second quarter, but missed expectations.
Leer más »
The Status of Women in the U.S. Media 2021The Status of Women in the U.S. Media 2021 is comprised of 109 studies and reports, including original research by the Women’s Media Center and aggregated research from academia, industry and professional groups, labor unions, media watchdogs, newsrooms, and other sources.
Leer más »
Mother admits to ‘poor parenting’, being ‘reckless’ in 2021 shooting of 14-year-old daughterThe trial for the woman charged in the shooting death of her 14-year-old daughter continued Wednesday.
Leer más »