Japan's export drops first time in almost two years

Baku. 18 October. REPORT.AZ/ Japan’s exports unexpectedly fell in September -- the first drop in almost two years -- as natural disasters disrupted economic activity.

Report informs citing Bloomberg that higher energy prices continued to feed gains in imports.

The value of exports fell 1.2 percent in September from a year earlier, versus a forecast 2.1 percent gain, data from the finance ministry showed Thursday.

Typhoon Jebi in September closed a major airport that is the departure point for around 7 percent of shipments from the manufacturing heartland around Osaka. An earthquake in Hokkaido cut power to the entire island in Japan’s north, disrupting supply chains.

Latest news

WWE legend Hulk Hogan dies at 71 24 July, 2025 / 20:17