The
growth of the export sector slowed in Japan last July, indicating
foreign demand failed to provide support to the country's third-largest
economy of the world. The value of the shipping sector rose 7.6%
compared to a year ago, slowing from a rise of 9.5% in June, the Trade
Ministry said Wednesday Japan yesterday. The volume of exports was down 0.7%.
Japan's
economy is trying to evolve from contraction last quarter due to weak
consumption and plung exports to the lowest level in the last 4
years. The Chinese economy is slowing also make an impact, with the
value of exports to Japan's biggest trade partner countries was weakened
for 6 months due to the decline in demand for cars.
"There are still no signs of an increase in the value of exports," said economist Atsuhi Takeda, Itochu Corp.
"The economy will probably go up again during the period July – September while consumption and capital expenditures will be sufficient, but again the restoration may be less strong because the export sector appears to slow down."
The
exchange rate of the yen little changed, trading at 124,38 per u.s.
dollar level on 09:22 time Tokio. Japan's Vice economy Minister
Yasutoshi Nishimura said in an interview last Monday that the current
economy is affected by the slow pace of growth in China, triggering plung export value of electronic products and machinery. https://www.mql5.com/en/signals/120434
