Japan’s exports, machinery orders fall as virus risks grow

Hellenic Shipping News | Feb 20, 2020 at 12:00 AM
  • Japan’s machinery orders tumbled at their fastest pace since 2018 while exports posted a 14th straight month of decline as the world’s third-largest economy grappled with the widening impact of the coronavirus outbreak and a recent sales tax hike.
  • In terms of volume, Japan’s exports declined 1.6% year-on-year in January in a sixth straight month of decline.
  • By region, Japan’s exports to China fell 6.4% in value year-on-year January, dragged down by chemicals, car parts and electronics parts.