Japan May exports fall on earthquake disruption, emerging market slowdown

Japan's exports fell at the fastest pace in four months in May on supply chain disruptions from the Kumamoto earthquake and slow growth in emerging markets: foreshadowing gloomy trade prospects for the current quarter.

Exports declined 11.3 percent year-on-year in May, Ministry of Finance data showed on Monday, versus the median estimate for a 10.4 percent annual fall and a 10.1 percent annual drop in April.

Exports are likely to expand in coming months as overseas demand shows signs of stabilizing, but Prime Minister Shinzo Abe remains under pressure to support growth as further gains in the yen threaten exports and corporate earnings.

Last modified onMonday, 20 June 2016 01:40