-
Japanese exports recovered in September despite US tariff hit
The US tariffs negatively affected exports to the US, but shipments elsewhere stayed strong, highlighting Japan's export resilience. By destination, exports to the US dropped 13.3% year-on-year, while exports to Asia (9.2%), China (5.8%), and the EU (5.0%) posted solid gains. Strong export performance to Asia, particularly to Hong Kong, Malaysia, Taiwan, and Vietnam, is related to IT exports as they are top global hubs. Examining US exports in greater detail, the tariff has resulted in decreases across all export categories: chemicals (-17.8%), iron and steel (-34.7%), machinery (-8.7%), electrical machinery (-3.7%), ... (full story)