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Japan's exports and imports dropped y/y in August amid trade dispute with S. Korea

2019-09-19 6 Dailymotion

Japan posted a trade deficit for the second straight month in August.<br />Tokyo's finance ministry says overseas shipments came to roughly 57 billion dollars,… down eight-point-two percent on-year.<br />Imports fell 12 percent over the same period.<br />Some experts say South Koreans' boycott of Japanese products could have had an effect on the decline.<br />Many South Koreans are not only boycotting Japanese products, but also refraining from visiting Japan.<br />The number of South Korean tourists heading to Japan in August recorded its steepest on-year drop due to the trade dispute.<br />According to the Japan National Tourism Organization, the number of South Korean tourists in August was less than 309-thousand,… 48 percent lower than the same month last year.<br />It's also six times lower than the figure for July when South Koreans started their boycott campaign.<br />

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