Japan's exports fell in May at the fastest pace since the 2009 global financial crisis as U.S.-bound car shipments plunged, bolstering expectations for a deeper contraction in the world's third-largest economy this quarter.
While recent indicators suggest the U.S. economy is emerging from the depths of its coronavirus slump, businesses are still dealing with the effects of travel and social distancing restrictions.
Exports to China, Japan’s largest trading partner, fell 1.9% in the year to May, due to declines in chemical raw materials, cars and chip-making equipment. It followed the prior month’s 4% annual decline. Japan’s economy slipped into recession for the first time in 4-1/2 years in the first quarter and is on course for its deepest postwar slump as the pandemic ravages businesses and consumers.
While the central bank expects a gradual economic recovery in the second half, the collapse in trade and bleak sentiment surveys suggest industries have a long way to go to make a sustained comeback.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Ad spending decline won't be as bad this year as it was in the 2009 financial crisis, new study predictsThough advertising has taken a whalloping in recent months as a result of the pandemic, a new forecast says the impact on U.S. ad spending won't be quite as dire as they were during the financial crisis.
続きを読む »
CEO Talks: Loro Piana’s Fabio D’Angelantonio on Ginza Store, Love Letter to JapanThe Italian luxury company has opened a store designed by Jun Aoki with a striking facade inspired by the brand’s textiles.
続きを読む »
'Little Women,' Big Crowds: Denmark, Japan Give Cinemas Hope for Post-Corona RecoveryIn a positive sign for the international box office in the post-coronavirus world, Greta Gerwig's period drama 'Little Women' has a strong start in Japan and Denmark, two countries which have recently re-opened cinemas. Details:
続きを読む »
Japan up nearly 3% as Asia stocks jump following overnight Wall Street comebackShares in Asia jumped in Tuesday morning trade following a dramatic bounce back overnight on Wall Street.
続きを読む »
Japan will resume fiscal reform once economy out of deflation: PM AbeJapan will resume efforts to improve its fiscal health once the economy emerges from deflation and overcomes the hit from the coronavirus pandemic, Prime Minister Shinzo Abe said on Monday.
続きを読む »