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6/19, 1:55 AM (Source: TeleTrader)
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Japan's exports down 7.8% YoY in May

Japanese exports dropped 7.8% in May compared to the same month the previous year, according to the country's Ministry of Finance. Meanwhile, imports fell by 1.5% on a yearly basis in May, more than expected. The trade balance showed a deficit of 967.1 billion yen.

Exports to the United States grew by 3.3%, while imports were down 1.6%. Exports to China declined by 9.7% in May year-on-year, and imports lost 0.9%.

Breaking the News / DJ