Japan’s Exports Decline Speeds up in April, Falling 10.1% On-Year

The world’s third-largest economy recorded its seventh straight month of falling exports in April, official data showed on Monday, adding to the country’s gloomy outlook.

Exports dropped 10.1 percent on-year in April, in line with estimates and worse than March’s 6.8 percent slide, clocking up the fastest pace of decline in three months. Imports, meanwhile, tanked by an annual 23 percent, worse than Reuters poll expectations for a 19 percent drop and outstripping the previous month’s 14.9 percent fall.

That left the nation with a trade surplus of 823 billion yen ($7.48 billion), below Reuters estimates for a 492.8 billion yen surplus.

CNBC

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