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Japan exports slightly rise for eighth consecutive month

[21/08/2024 01:59]

TOKYO-SABA
Japan exports rose slightly slower than expected in July, raising doubts about the prospects for an economy that is just beginning to recover at a rapid pace, official data showed.

Finance Ministry data indicated that Japanese 's exports rose 10.3 percent year-on-year in July, for the eighth consecutive month, below the median market expectation of an 11.4 percent increase. Sales increased due to a weaker yen compared to a 5.4 percent rise in June.

Overall cargo volumes fell 5.2 percent last month compared to the same period last year, the sixth consecutive monthly decline.