Bulletin
Investor Alert

New York Markets Open in:

Feb. 18, 2020, 8:03 p.m. EST

Japan's exports fall for 14th straight month

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

By Megumi Fujikawa

TOKYO--Japan's exports fell in January from a year earlier for the 14th consecutive month, and economists expect the coronavirus outbreak to weigh on demand in the months ahead.

The country's exports fell 2.6% on year in January, the Ministry of Finance said Wednesday, compared with a 6.3% drop in December and 7.0% contraction forecast by a FactSet poll of economists.

The country logged 1.313 trillion yen ($11.9 billion) in trade deficit.

Japan's exports to the U.S. contracted 7.7% on year in January as shipments of cars and machines declined. Exports to China also fell 6.4% on lower demand for car parts and electronic components.

Japan's exports "are expected to remain weak as the supply chain has been interrupted by the novel coronavirus and growing uncertainty over the global economy," said Masato Koike, an economist at Dai-ichi Life Research Institute.

Write to Megumi Fujikawa at megumi.fujikawa@wsj.com

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.