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Shipping container Loads the dock of Tokyo Bay. Japan is very confident in exports (e.g. automobiles, electronics), mainly in the US rates, especially on cars (25% fare proposed in cars in the first term of Trump). Higher rates can reduce access to the US market in Japan, increasing consumer prices and hurting GDP growth. However, the Japanese strategic alignment offers partial relief with the US and the exceptions of some rates (steel rates in 2018). Japan has also been awakened to diversify trade through CPTPP and RCEP agreements, reducing dependence on the US market.
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Japanese exports fell by 1.7% more than a year, the country that marks the most stringent decline in September 2024 continues to trade.
Falls were smoother than the 3.8% decrease in voted economists, but it was revised compared to an increase of 2% recorded in April.
Data from the Japanese Ministry of Trade He revealed that exports continued to fall to the United States, which fell by 11.1% throughout the year. Exports to China, the largest Japanese negotiation partner, fell by 8.8%.
Global Japanese automobile exports fell by 6.9%, but in particular, motor vehicle exports were made 24.7% to the US compared to the same period last year.
Japanese carmakers accounted for 28.3% of all US exports in 2024, by customs data. Besides Levy of the current 25% on his car, steel Exports to the USA, Japan also remains 24% of the “mutual” rate rate starting on July 9.
The data comes from a day after the Japanese bank highlighted Recognition of his monetary policy The country’s growth was “moderate”, for factors such as trade, which would lead to slowing abroad in economies and will lead to the decline of home profits.
“It is very sure of how commercial and other policies will evolve in each jurisdiction and how to react to economic background and prices,” BOJ has added.
Falling export already made Japanese GDP in the store, the economy of the country fell by 0.2% In the quarter that ends in MarchCompared to the previous period, the economy recruited in a quarter-on-quarter marks for the first time in one year.
Imports to the third economy of the world fell by 7.7% in May, a decrease of 6.7% compared to the expectation of Reuters surveys.
The Japanese trade deficit was 637.600 million in May, less than 892.9 billion yen deficit expects the Reuters survey.
On Wednesday, Donald Trump said the US president Japan was “hard” in trade talksAmong the Japanese negotiators Ryosei Akazawa, Secretary of the US Trade Secretary and Secretary of Finance after Scott Bessent did not make progress.
