Japan September exports fall 5.2% year-on-year: MOF

FILE PHOTO: A man in a bicycle drives past containers at an industrial port in Tokyo
FILE PHOTO: A man in a bicycle drives past containers at an industrial port in Tokyo, Japan, May 22, 2019. REUTERS/Kim Kyung-Hoon/File Photo

October 21, 2019

TOKYO (Reuters) – Japan’s exports fell 5.2% in September from a year earlier, down for a 10th straight month, Ministry of Finance data showed on Monday.

The result compared with a 4.0% decrease forecast by economists in a Reuters poll and followed an 8.2% drop in August.

Imports fell 1.5% in the year to September, versus the median estimate of a 2.8% decline.

The trade balance came to a deficit of 123.0 billion yen ($1.1 billion), against the median estimate of a 54.0 billion yen surplus.

(Reporting by Daniel Leussink; Editing by Chris Gallagher)

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