Japan exports seen shrinking for eighth month in July, core inflation weak – Reuters poll

Euronews | Aug 16, 2019 at 7:04 AM
  • Japan’s exports likely fell for an eight straight month in July, a Reuters poll showed Friday, as a protracted U.S.-China trade war and weak global demand hurt shipments from the world’s third-largest economy.
  • The poll forecast that imports would slip 2.7% from a year earlier, meaning the trade balance will turn to a deficit of 200 billion yen (1.56 billion pounds) from a revised surplus of 589.6 billion yen in June.
  • Japan’s economy expanded for a third straight quarter in April-June thanks to robust domestic demand but weak external demand and a planned sales tax hike in October cloud the outlook.