China Japan city Tokyo pandemic economy travelers Coronavirus China Japan city Tokyo

Japan's exports sink in March as pandemic hits major markets

Reading now: 589
www.clickorlando.com

TOKYO – Japan’s exports sank 11.7% in March as the coronavirus pandemic slammed auto shipments to the U.S. The Finance Ministry said Monday that exports to the U.S.

fell 16.5% in March from a year earlier, while those to China declined 8.7%. Trade has slowed precipitously recently due to travel restrictions and shutdowns aimed at curbing the outbreak of the coronavirus.

The outlook is grim, with the International Monetary Fund forecasting the world economy is heading into its worst slowdown since the 1930s’ Great Depression.

Japan’s overall imports in March also suffered, sinking 5.0%, according to the provisional figures that aren’t seasonally adjusted.

Read more on clickorlando.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA