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Japan's July exports weaken the most
Japan's July exports dropped the most, having recorded the fastest declination since the worldwide economic crisis, as the recent weakness in the global economies and the rise of the yen placed tremendous pressures on the shipments overseas.
Japan relies on domestic demand
The nation's government is now relying mostly on domestic demand.
The exports in July faced an annual decrease of 14.0%, thus matching the median estimations of the economists and the analysts. Such a drop was the fastest one since October 2009.
Moreover, the Japanese nation's exports recorded the longest consecutive losing streak, for the last ten months or so, amid the economists worrying that such weakness could add more into the current global economic uncertainty.
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Thursday, 18 Aug, 2016 / 8:31
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