Japan records a trade deficit in August as exports to China, rest of Asia weaken

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Japan records a trade deficit in August as exports to China, rest of Asia weaken
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Japan has reported that its exports fell 0.8% in August from a year earlier, with steep declines in shipments to China and the rest of Asia.

He said the strong contribution to economic growth in the April-July quarter was expected to weaken in this quarter.

By product category, total auto exports jumped 40.9% year-on-year and semiconductor exports gained 8.1%. Exports in chemicals declined 11.7% and machinery exports slipped 9.6%.

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