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 exports came to roughly 57 billion dollars,… down eight-point-two percent on-year, while imports were down 12 percent.
Some experts say a factor may have been South Koreans' boycott of Japanese products and travel to Japan.
The number of South Korean tourists heading to Japan in August saw the steepest on-year drop on record.
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.
Tokyo's finance ministry says exports came to roughly 57 billion dollars,… down eight-point-two percent on-year, while imports were down 12 percent.
Some experts say a factor may have been South Koreans' boycott of Japanese products and travel to Japan.
The number of South Korean tourists heading to Japan in August saw the steepest on-year drop on record.
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.