The growth of Japan's exports has slowed down to its weakest pace since 2021 due to a decline in demand

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Written By Jennifer Joslyn

🇯🇵 The growth of Japan's exports has slowed down to its weakest pace since 2021 due to a decline in demand.

Japan's exports have experienced their weakest growth in over two years, signaling a global economic slowdown and adding uncertainty to the country's growth outlook. In May, the value of exports increased by 0.6% compared to the previous year, the slowest pace since February 2021. The decline in exports was primarily driven by decreases in mineral fuel, chip-making machinery, and semiconductor parts. Imports also dropped by 9.9%, largely due to lower fuel prices.

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Jennifer Joslyn
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