Japan's exports slow sharply, machinery orders shrink in blow to economic recovery
==========

Japan's export growth slowed to 5.6% year-on-year in August 2024, below the expected 10% increase; shipments to the U.S. fell 0.7%, marking the first decline in three years, with auto sales down 14.2%; machinery orders unexpectedly shrank 0.1% in July, contrary to a 0.5% rise forecast; overall shipments decreased 2.7% from the previous year; trade deficit stood at 695.3 billion yen ($4.90 billion); Takeshi Minami, chief economist at Norinchukin Research Institute, noted that weak global economic momentum is impacting Japan's recovery prospects.

#Japan #Exports #Economy #MachineryOrders #TradeDeficit #Us #China #TakeshiMinami #EconomicRecovery #August2024

https://www.nst.com.my/business/economy/2024/09/1107116/japans-exports-slow-sharply-machinery-orders-shrink-blow-economic