By Yang Jie
Japan’s exports fell for a second straight month in August, dragged down by weakening set a question to for mineral fuels and semiconductor manufacturing equipment, reliable records confirmed Wednesday.
Exports fell 0.8% in August from a yr earlier, worsening from July’s 0.3% decline, according to records released by the Ministry of Finance. Economists surveyed by records supplier FactSet had projected exports to fall 0.5%.
Lower shipments of objects corresponding to chip-making equipment and mineral fuels led to a decline in exports to China and Asia, which fell 11% and eight.8%, respectively.
Nonetheless, exports to the U.S. and EU continued to grow, rising 5.1% and 12.7%, respectively on increased shipments of merchandise corresponding to vehicles.
Write to Yang Jie at firstname.lastname@example.org