Japan's Exports Fall as US Tariffs Stoke Recession Risks
Japan's exports fell for the first time in eight months as the US tariff campaign weighed on global trade, raising the risk of a technical recession after the economy contracted at the start of the year.
Exports measured by value dropped 1.7% in May from a year earlier led by cars, steel and mineral fuel, the Ministry of Finance reported Wednesday. That compared with the median analyst estimate of a 3.7% decline. Imports declined 7.7%, led by crude oil and coal.
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