This website uses cookies. We use cookies to ensure that we give you the best experience on our website. Read More

Japan’s exports fall as Coronavirus risks grow

19 Feb 2020 05:03 PM

Japan’s machinery orders tumbled with the fastest pace since 2018, while exports fall to its 14th straight month of decline, as the third-largest economy effected by the Coronavirus outbreak and a recent sales tax hike.

Exports fall by 2.6% on yearly basis in January, less than expectations of falling by 6.9%, following drop in December by 6.3%.

On a separate data, core machinery orders dropped by 12.5% on monthly basis in December, compared to markets forecast of falling by 9%. “Machinery orders is an indicator refer to capital spending through next 6-9 months”.

Tags:

Prices may be delayed by 5 seconds. Prices above are subject to our website terms and conditions. Prices are indicative only