August 22, 2016

Global Economic Analysis and News of Note: Japanese Trade Report Shows Weak Economy

  • The Japanese government announced last week that the value of its exports fell 14 percent between July 2015 and July 2016. Exports to China declined 13 percent while shipments to the United States were down 12 percent. Imports dropped 25 percent, resulting in a trade surplus of 513.5 billion yen, or $5.1 billion. That figure was a reversal from July 2015’s trade deficit of 261.4 billion yen. The declines in imports and exports were the sharpest since 2009.