Japan Aug exports seen in sharpest fall in 3 years, core inflation to dip

Financial Post | Sep 13, 2019 at 4:47 AM
  • Japan’s exports likely contracted at the fastest pace in more than three years in August, a Reuters poll showed on Friday, indicating increasing pressure on shipments as the economy is being hit by the U.S.-China trade war and slower global growth.
  • The poll also forecast that imports would fall 11.2% in August from a year earlier, likely indicating the trade deficit widened to 355.9 billion yen ($3.29 billion) from a revised 250.7 billion yen deficit the previous month.
  • The Reuters poll found the core consumer price index, which includes oil products but excludes volatile fresh food costs, likely rose 0.5% in August from a year earlier.