Japanese exports slid in July at a faster annual rate than June, raising fears the effects of global stimulus measures are starting to decline.
Exports from Japan were down 36.5% last month compared with July 2008, according to the Ministry of Finance.
Slower car sales to the US, Middle East and Russia were blamed for the decline, which followed June’s 35.7% fall.
The trade surplus still rose, because imports fell 40.8%, largely due to lower energy costs. Read More