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Japan's Exports Fall as US Tariffs Raise Risk of Recession
The Straits Times
|June 19, 2025
Japan's exports fell for the first time in eight months as the US tariff campaign weighed on global trade, raising the risk of a technical recession after the economy contracted at the start of 2025.
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TOKYO -
Exports measured by value dropped 1.7 per cent in May from a year earlier, led by cars, steel and mineral fuel, the Ministry of Finance reported on June 18. That compared with the median analyst estimate of a 3.7 per cent decline. Imports dropped 7.7 per cent, led by crude oil and coal.
Japan's trade balance stayed in the red for a second month, widening to a deficit of 637.6 billion yen (S$5.6 billion).
This story is from the June 19, 2025 edition of The Straits Times.
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