Japan’s exports decrease by 28.3% in May
Japan’s exports and imports both recorded the largest year-on-year drops as the coronavirus pandemic continued to slow economic activities globally, weakening domestic and overseas demand, according to the country’s Finance Ministry.
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Japan’s May exports decreased by 28.3% year-on-year, about 4.18 trillion yen, It's the largest drop since September 2009., according to the country’s Finance Ministry.
Car exports slumped 64.1 percent, as the pandemic weakened demand for vehicles globally.
At the same time, Japan’s imports also fell by 26.2% to nearly 5.02 trillion yen, the largest fall since October 2009. (ILKHA)
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