The Trader 

Market Outlook: Japan exports slump in May

The Trader

Data published overnight by Japan’s Ministry of Finance showed that during the month of May imports dipped 1.5 per cent while exports contracted by a rather alarming 7.8 per cent. This took the adjusted trade deficit to 609 billion yen, the lowest reading since February 2015 and in stark contrast to February 2017’s 611-billion-yen surplus; the speed of the drop mirrors the shocking decline between 2010 and 2014. Some are suggesting the unprecedented 10-day holiday to mark the new emperor’s ascension was to blame. In a blow to Saudi Arabia’s Crown Prince Mohammed bin Salman, car maker Toyota decided not to go ahead and build a car plant in his country.

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