Japan’s international trade activity fell for a 14th straight month in June, suggesting the economy is a long way from shrugging off COVID-19’s economic effects. Exports dropped by 26.2% in June after a 28.3% slide in May. It’s worth noting there were two extra working days in June versus the prior year. The export decline in June was driven by a slide in shipments to the U.S. and Europe of 46.6% and 30.0% respectively and included a 49.6% slump in automotive exports. Medical supply exports improved by 11.2% year over year with demand remaining high during the COVID-...
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