Japan's exports and imports dropped y/y in August amid trade dispute with S. Korea
- 5 years ago
Japan posted a trade deficit for the second straight month in August.
Tokyo's finance ministry says overseas shipments came to roughly 57 billion dollars,… down eight-point-two percent on-year.
Imports fell 12 percent over the same period.
Some experts say South Koreans' boycott of Japanese products could have had an effect on the decline.
Many South Koreans are not only boycotting Japanese products, but also refraining from visiting Japan.
The number of South Korean tourists heading to Japan in August recorded its steepest on-year drop due to the trade dispute.
According to the Japan National Tourism Organization, the number of South Korean tourists in August was less than 309-thousand,… 48 percent lower than the same month last year.
It's also six times lower than the figure for July when South Koreans started their boycott campaign.
Tokyo's finance ministry says overseas shipments came to roughly 57 billion dollars,… down eight-point-two percent on-year.
Imports fell 12 percent over the same period.
Some experts say South Koreans' boycott of Japanese products could have had an effect on the decline.
Many South Koreans are not only boycotting Japanese products, but also refraining from visiting Japan.
The number of South Korean tourists heading to Japan in August recorded its steepest on-year drop due to the trade dispute.
According to the Japan National Tourism Organization, the number of South Korean tourists in August was less than 309-thousand,… 48 percent lower than the same month last year.
It's also six times lower than the figure for July when South Koreans started their boycott campaign.