Japan exports plunge on dwindling China, U.S. demand

17.03.2021 - Evdokimov Roman
Japan exports plunge on dwindling China, U.S. demand

Japan had seen its exports drop faster than what was expected in February as shipments bound to the United States and China weakened. The drop came to be a point of concern for the world’s third-largest economy as it tries to stage a rebound from the coronavirus crisis.

Data from the Ministry of Finance showed that the country’s exports recorded an annualized 4.5% contraction in February. The figure was the first weak record seen in three months as U.S.-bound shipments of automobiles dropped. More so, it placed higher than the 0.8% drop expected in a Reuters poll.

According to Nomura Securities senior economist Masaki Kuwahara, China’s rebound from the coronavirus crisis and a stimulus package in the United States are expected to alleviate Japan’s exports in the second quarter of 2021.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.net or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?