Trade War Impacts Japan: Exports Fall

Japan's exports were 2.4% lower in April compared to the previous year.


Japanese exports continued to shrink for the fifth month in a row. According to data released by the Ministry of Finance on Wednesday, Japan’s exports were 2.4% lower in April compared to the previous year. The figure was the same as in March, but significantly lower than expectations which were for a 1.8% decline.

The US-China trade war’s effects on Japan are becoming evident as exports to China also registered a downfall by 6.3% in April, declining for the second consecutive month in 2019.

What’s encouraging, however, is that Japan’s trade surplus with the US is on the rise, up 17.7% in April compared with the previous year. The trade surplus with the US now stands at $6.55 billion. This figure was driven higher mainly by a rise in auto exports, which registered an increase by 8.3%.

USD/JPY continues to hold above the 110.00 level, trading at around 110.5 at the time of writing.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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