Japan's exports in the past four years in July, the largest monthly reduction.
Japan's exports, a third consecutive reduction in July and recorded the greatest decline in the past four years. Among the main causes of this decline is the effect of tariffs and weaknesses of the United States in the automotive sector. According to data published by the Ministry of Finance, exports decreased by 2.6 %in July compared to the same period last year. This ratio left a decrease of 0.5 %in June, while economists of economists exceeded the expectation of 2.1 %. Specifically, the US shipments to the United States, exporting cars on the effects of weaknesses of 10.1 %on the basis of the fourth month decreased by 10.1 %. The economists of Goldman Sachs, from Japan to the United States, exported passenger cars based on the dollar of the average of January to March of $ 28,700, June 23 to 23500 dollars down 18 %, he said. The 5 %decreased volume shipment in June compared to April to May and nearly 12 %in July. Fitch ranked analysts emphasized that the weak performance of Japanese automobile manufacturers in the second quarter is under pressure and tariffs will continue to be a profit burden. Exports to other areas are also weak; The shipments to China have dropped by 3.5 %. In general, in July, total imports decreased by 7.5 %on the basis of annually, while Japan had foreign trade deficit was 117.5 billion (about 795.4 million dollars). This result after the development of the fourth quarter of June, published last week, surprisingly strong. The research economist of the Norinchukin Research Institute, Takeshi Minami said that the tariff deal reduces uncertainty and the Japanese central bank may continue raising interest rates on the first day of October.