Japanese exports fell 4.5 percent on-year in February, its first dip in three months, as the US and China-bound shipments weakened.
The dip was preceded by a 6.4 percent gain in January.
According to the Ministry of Finance, there is a decline in US-bound shipments of automobiles. However, US recovery prospects may ease concerns about Japan's economic outlook.
US-bound shipments plummeted 14 percent on-year in February, stunted by automobiles, airplane parts, and motors, after a 4.8 percent decline drop in January and posting a fourth straight month of decreases.
Exports to China increased 3.4 percent on-year in February, sharply slowing from a 37.5 percent surge in January. It was led by chip-making equipment, nonferrous metals, and plastic.
Japan's exports to Asia, which accounts for over half of its total, slipped 0.8 percent on-year, while those to the EU European Union fell 3.3 percent.
The world's third-largest economy is trying to prop up growth, and the export drop is a source of concern.
The country's imports soared 11.8 percent on year in February, following a 9.5 percent plunge in January. It was the first gain in 22 months due to a pick-up in domestic demand, inventory restocking, and rises in crude oil and resources prices.
The trade balance came to a surplus of $2 billion.


US Stock Futures Rise as Investors Eye Fed Minutes, AI Stocks, and Q2 Earnings
Oil Prices Steady as U.S.-Iran Talks Ease Supply Fears Ahead of Holiday Weekend
U.S. Dollar Drops as Weak Jobs Data Boosts Fed Pause Bets, Yen Jumps on Intervention Talk
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026
Goldman Sachs Flags 3 Key Risks Ahead of Europe’s Earnings Season
China Services PMI Beats Forecasts as Strong Demand Supports June Growth
Japan Signals Readiness to Act on Yen as Intervention Speculation Grows
Denmark Central Bank Intervenes to Support Krone Peg Against Euro
Turkey Vehicle Sales Fall 11.4% in June as Auto Market Weakens
Mary Daly Says AI Uncertainty Clouds Fed Rate Outlook Despite Restrictive Policy
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease
Oil Prices Slip as Oversupply Concerns and U.S.-Iran Talks Shape Market Outlook
Russia Stocks End Flat at Three-Year Low as MOEX Index Stalls, Gold Prices Climb
Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions
Oil Prices Slip as OPEC+ Boosts August Output, Oversupply Concerns Weigh on Crude Market
Asian Currencies Rise as Dollar Weakens; Yen Holds Steady Amid Japan Intervention Watch 



