Japan's exports fell in July for 8th straight month

In this March 5, 2019, photo, cars for export park at a port in Yokohama, near Tokyo. Government data show Japan's exports fell for the eighth straight month in July as worries continued about President Donald Trump's trade policies denting Asian economic growth. (AP Photo/Koji Sasahara)

TOKYO — Japan's exports fell for the eighth straight month in July as worries continued about President Donald Trump's trade policies denting Asian economic growth.

Ministry of Finance data released Monday showed exports and imports fell in July, compared to the same month a year ago. Exports fell 1.6%, while imports slid 1.2%, resulting in a trade deficit of 249.6 billion yen ($2.35 billion).

Global markets have been in turmoil because of Trump's trade war with China. A slowdown in China is certain to hurt other regional economies, including Japan's.

Japan's exports to China in July fell 9.3% while its imports from China gained 2.8%. Japan's exports to the U.S. in July grew 8.4% while imports from the U.S. rose 3.5%.

Trump says he plans to impose 10% duties on an additional $300 billion of Chinese imports to the U.S., extending penalties to almost everything the United States buys from China.

Japan is also entangled in a trade dispute with neighboring South Korea.

Japan's exports to South Korea in July dipped 6.9% while imports slid 8.6%.

People also read these

Chinese delegation open to meeting Trump's team at Davos

Jan 11, 2017

A Chinese official says President Xi Jinping's delegation to the World Economic Forum is open to...

Asian stocks directionless, dollar steadies after slide

Jan 18, 2017

Most Asian stock indexes are lacking direction following a sharp correction overnight in the dollar...

Trump in Asia: Region poised for change as new era dawns

Jan 24, 2017

People across Asia are poised for a potentially dramatic change in relations with Washington under...

Asian shares waver, dollar soft after Fed keeps rates steady

Feb 2, 2017

Asian markets are wavering and the dollar has lost some steam after the Fed kept its key lending...

Global stocks rise on robust US jobs report

Feb 3, 2017

Global stocks are up after the U.S. employment report showed a strong increase of 227,000 jobs in...

AseanCoverage is a next-gen news site focusing exclusively on online news from South East Asia.

Contact us: sales[at]aseancoverage.com