Japan April exports fall 2.4% year-on-year: MOF

May 22, 2019

TOKYO (Reuters) – Japan’s exports fell 2.4% in April from a year earlier, down for a fifth straight month, in a sign of weakness in external demand, Ministry of Finance (MOF) data showed on Wednesday.

That compared with a 1.8% decrease expected by economists in a Reuters poll. It followed a 2.4% fall in March.

Imports rose 6.4% in the year to April, versus the median estimate for a 4.8% increase.

The trade balance came to a surplus of 60.4 billion yen ($546 million), versus the median estimate for a 203.2 billion yen surplus.

(Reporting by Tetsushi Kajimoto; Editing by Chang-Ran Kim)

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